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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, HMRC confirmation, P45 from previous job, duplicate P60 from employer, March payslip (showing annual total), 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
  • Last 2 months’ bank statements
  • Must show corresponding salary credits. If not, we will only use the salary credits shown in the bank statements as 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
  • 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.

Limited company (more than 20% shareholding)
Income verificationDocument(s) neededNotes to help you
Limited company (more than 20% shareholding)
  • Accountant’s Certificate or
  • Last 2 years’ accounts
  • Accountant must be qualified to the standards as per our intermediaries website.
  • Accounts must be signed by suitably qualified professional.
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)
  • Letter from family member including the gifted amount
  • 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.
BTL in background – 3 or more
  • 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 if term exceeds specified retirement age.
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.

How to send your documents

Once you know what documents you need to send, please scan and email them, along with a signed client declaration and Direct Debit form* to: docs@virginmoney.com for new business applications and ptdocs@virginmoney.com for product transfer applications or fax them to 0345 603 5885**. Remember to include the 8-digit mortgage/case number in the subject line of your email.

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

*Direct Debit form only needed for BTL mortgages.
**Lines are open 8.30am to 6pm Monday to Friday, excluding Bank Holidays. Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Calls may be monitored and recorded.