What is...

Proof of Income

When mortgage lenders ask for Proof of Income, it usually refers to your last three months’ pay slips and P60. Some also ask to see your recent bank statements so they can see the monthly credit to your account.

Why do I need to provide this?

Proof of income shows a lender that you can afford their required repayments in the timeframe agreed upon. Physical proof in the form of bank statements or pay slips helps them verify that the information you have provided them up to this point is correct.

How do you show proof of income if you’re self-employed?

This may vary from lender to lender, but in most cases you can either provide a full set of bank statements or your end-of-year tax calculations. Some mortgage providers will ask for both of these.

How do you show proof of income if you’re unemployed?

For some loans it’s possible to show your proof of income even if you’re not currently in gainful employment. If you provide proof of any benefits you may regularly receive, along with any written evidence you have to support this, some lenders will accept this as proof. This isn’t uncommon for some forms of credit, such as student loans.

The UK's First Provider Of Online Credit Reports

Launched 24 Years, 35 Million Credit Scores & 8 Million Credit Reports Ago

The UK's First Provider Of Online Credit Reports

Related Jargon

We use cookies to optimise your online browsing experience, improve our services and remember your preferences. Cookies are also used for ads personalisation. To consent to our use of cookies, please click 'Accept'.

Alternatively, you can manage cookie settings and find out more by visiting our Privacy Policy.