Proof Of Income
Most lenders will need to see proof of income, to ensure you can afford the loan. For employed people, proof of income is usually in the form of payslips and/or an employer's reference letter. For those who don’t receive payslips, bank statements can be used. For people who receive benefits, a letter from the agency paying the benefit is usually enough to serve as a proof of income. Self employed people can provide certified accounts, Inland Revenue self assessment forms, or sometimes bank statements. Obviously, not everyone can provide proof of all of their income, as they may receive bonuses or tips, or they may not have been self employed long enough to provide accounts. For people with no proof of income loans can be arranged on a self declaration basis.
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