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Lending criteria for fixed term contract income

Lending criteria

Fixed term contract income

Can be accepted provided that at least 12 months of a contract are remaining, or where there's a track record of income from contract work.

Evidence Required

A copy of the current contract
A copy of the most recent bank statement
To obtain a 12 month track record of contracts or p60s can be used (where <12 months remains on current contract)
If <2 months remaining on current contract then evidence of contract renewal/new contract is required

75% LTV - Latest payslip
Above 75% LTV - Latest 3 payslips
Umbrella: Latest 3 months payslips/invoices and latest 3 months personal bank statements.