What income do you accept for a Buy to Let mortgage? – Molo

For a buy to let application we accept the following incomes:

Main income:

Income Type	Acceptable	Evidence required
Employed Basic Income	100% Gross	Latest 3 months payslips and P60.
Professional Contractors	100% of gross income – up to a maximum of 46 weeks on an average daily rate for the last 12 months.	Treat as self-employed OR Latest contract with 6 months remaining accompanied by 12 months contracting history and latest 3 months business bank statements
Employed Company Director with a less than 25% shareholding	100% Gross	3 months latest payslips or last two years tax returns.
Self–employed: Trading Limited Company Director with more than 25% shareholding	100% Gross	Latest year's HMRC self-assessment tax return OR Latest year’s tax return, supported by HMRC tax year overview

Other income

Commission	100%	3 months latest payslips.
London / Large Town Allowance	100%	3 months latest payslips.
Car Allowance	100%	3 months recent payslips.
Rental Income	100%	Latest year's HMRC self-assessment tax return OR Latest year’s tax return, supported by HMRC tax year overview
Overtime / Bonus / Shift allowance	100% if guaranteed	3 months latest payslips. If annual bonus - the last 2 years p60s or individual payslips showing payments.

Unacceptable income types: