Give feedback

Service

With you every step of the way

Help with packaging

To help you get your clients' cases processed as quickly as possible, we've clearly outlined everything you will need to send to us below. For additional information, please download the Mortgage Manual

Documents required for income verification

Employed applicants
Income verificationDocument(s) neededNotes to help you
Employed applicants
  • Last 2 months’ payslips, or last 4 weekly payslips and
  • Last P60*
  • If your client is paid by any other frequency than weekly or monthly – we need payslips to cover the last 2 months.
  • In absence of a P60 we will accept any of these:
    statement of earnings from employer to confirm all information that would be on a P60 (must be on company letter headed paper), HMRC confirmation, P45 from previous job, duplicate P60 from employer, March payslip (showing annual total) or week 52 payslip from previous year.
Variable income
  • Last 2 months’ payslips, or last 4 weekly payslips and
  • Last P60
  • Must be supported by YTD income on payslip and/or P60.
  • May request previous P60 to show 2 year track record.
Paid in cash or if payslip or P60 are handwritten
  • Two of the last four months’ bank statements
  • Must show corresponding salary credits. If not, we will only use the salary credits shown in the bank statements as income.

*If the loan is greater than £1million we need the last two years P60’s to evidence variable income.

Self-employed, sole trader or partnership
Income verificationDocument(s) neededNotes to help you
Self-employed, sole trader or partnership
  • Last 2 years’ SA302 and corresponding Tax Year Overviews* or
  • Accountant’s Certificate** or
  • Last 2 years’ accounts
  • Where the loan is greater than £1million we will require two years full accounts or SA302’s and the company must have been trading for a minimum of three years.
  • Accountant must be qualified to the standards as per our intermediaries website.
  • Accounts must be signed by a suitably qualified professional.
 

*HMRC SA302’s and corresponding Tax Year Overviews are acceptable if printed from your customers online HMRC Account so long as the Tax Calculation document indicates the tax return is 100% complete for each year evidenced.

**Accountants certificate is not acceptable where the loan amount is greater than £1 million.

Limited company (more than 20% shareholding)
Income verificationDocument(s) neededNotes to help you
Limited company (more than 20% shareholding)
  • Accountant’s Certificate* or
  • Last two years’ accounts
  • Loans greater than £1 million the company must have been trading for a minimum of three years.
  • Accountant must be qualified to the standards as per our intermediaries website.
  • Accounts must be signed by suitably qualified professional.

*Accountants certificate is not acceptable where the loan amount is greater than £1 million.

Limited Liability Partnership (LLP)
Income verificationDocument(s) neededNotes to help you
Limited Liability Partnership (LLP)
  • Letter from HR or Finance Director confirming total salary for each of the last 2 years’ or last 2 years’ SA302 and corresponding Tax Year Overviews*
  • We can also accept compensation statements from an LLP firm for the last 2 years – these provide a summary of the client’s total salary for that time.
 

*HMRC SA302’s and corresponding Tax Year Overviews are acceptable if printed from your customers online HMRC Account so long as the Tax Calculation document indicates the tax return is 100% complete for each year evidenced.

Application detail

Details required for all applications
Application detailDocument(s) neededNotes to help you
Proof of deposit
  • Summary sheet from bank statement
  • Must show the client’s name, address, account details and amount in the account.
Gifted deposit / gifted equity (from family member)
  • Our Gifted Deposit Form
  • Must confirm that gift is non-refundable and that they have no interest in the property.
BTL in background – 2 or less
  • Copy of AST and
  • Last mortgage statement for each property
  • If the same tenant is in place and AST out of date, we will need the last month’s bank statement to show the recent rent payment.
Residential applications – 3 or more BTL in the background*
  • Schedule of BTL portfolio
  • We do not need a copy of AST or mortgage statement for each, in this case.
Existing Residential to be Let (Let to Buy)
  • ARLA letter confirming rent
  • Copy of CTL from lender or BTL mortgage offer which evidences what the mortgage payment is
  • BTL offer only required if remortgaging.
Guarantor/Dependent relative/2nd home/Regulated BTL
  • Expenditure forms must show all essential outgoings to cover each mortgage/household costs.
Lending into retirement
  • Projection of pension at retirement
  • Only required where the customer is within 10 years of their anticipated retirement age, or age 67 (whichever occurs first).
Affordability
  • Required if the Affordability Calculator shows the monthly outgoings as less than our minimum guideline figures. The decision certificate will outline if this is a requirement.
Portfolio BTL
  • Business plan
  • Cashflow
  • Property schedule
  • Schedule to be uploaded via BTL Hub.

*This evidence is required for residential applications.

How to send your documents

Copies of all supporting documentation such as income verification, ID, Direct Debit mandates and proof of residence should be sent securely to us using one of three options:

  • You will be prompted within VMO to upload your documents once you have submitted your application.
  • You can upload supporting documents to VMO at any time once your application has been submitted.
  • Use the Secure Document Transfer link which we will email to you following completion of an application. Secure Document Transfer links are unique and case specific and should only be used to upload supporting documents for the case referenced in the email you receive.

Alternatively, you can use the existing unsecure method by emailing your documents to docs@virginmoney.com for new business and PTdocs@virginmoney.com for product transfer business.

Please only send us the documents we have requested, sending additional documents may cause delays.