Vida are putting together the ultimate criteria mixtapes – compilations and playlists of our hottest criteria. This week’s mixtape is ‘Payslip Party’ (Volume 2)… with all our favourite Income hits!
Minimum income
- One applicant must earn at least £15,000.
Employed
- Employed applicants need to provide at least 3 months’ employment history, and the last 3 months’ payslips.
Self-Employed. We’ll also consider incomes from:
- Sole Trader and Partnership
- Limited Co Directors
- Trading less than 2 years
- Day 1 contractors
Other incomes considered such as
- Foster care income
- Income from 2nd jobs
- Pension income
- Regular bonus
- Child Tax Credit and Child Benefit
- Guardians allowance
- Regular overtime or commission (up to 75%)
- Profit related pay (up to 75%)
- Tronc (tips) income (up to 75%)
- Certain benefits, such as Universal Credit, Working Tax Credit (up to 50%)
Take a look at our criteria guide for information on supporting income evidence required.
Let’s get life moving for you and your customers.
Take a look at our full lending criteria or submit a DIP