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Lending criteria for fixed term contract income

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.

Related Criteria

Allowances for income

Cryptocurrency income

Day rate contractor income

Deductions from income

Income for additional lending

Investment income

Maintenance payments income

Maternity income

Retirement income

Salaried director income

Salaried income

Self employed / partnership / limited liability partnership income

Special guardianship

Sports professionals

Umbrella company income

Zero-hours contracts income