For LegalforLandlords referencing affordability can be proven using one of the below methods.
Acceptable:
Tax Credits – Working Tax Credits & Child Tax Credits only subject to full award notice – we cannot accept the Childcare Element
Bursary & Stiped – (letter required stating dates and amounts)
Student Sponsorship – (letter required from local government or embassy confirming amount received)
Proof of savings – (recently dated statement, showing the last 30 days transaction, funds must have been in account for the last 30 days)
Employment and support allowance (ESA) – Letter or 3 months bank statement - Disability Living allowance (DSA) – letter or 3 months bank statement
Carers Allowance (CA) – letter or 3 months bank statement
Personal Independent Payment – letter or 3 months bank statement
Child maintenance – If supported by CSA – court order in place or 6 months bank statements
Pension – letter, P60 or 3 months recent bank statements
Pension Credit – This guarantees a minimum income to those of state pension age by topping up the weekly income to £182.60 for those who are single and £278.70 for couples. There is also a savings credit for those aged 65 and over.
Premium bonds – recently dated statement, showing the last 30 days transaction, funds must have been in the account for the last 30 days.
ISA – INSTANT ACCESS – recently dated statement, showing the last 30 days transaction, funds must have been in the account for the last 30 days
Statutory Maternity Pay – for new mothers, this is paid for the first six weeks at 90% of their average gross weekly earnings with no upper limit and – for the remaining 33 weeks – at the lower of either the standard rate of £156.66, or 90% of their average gross weekly earnings. This is one of a series of rights for new parents.
Maternity Allowance – This pays a standard weekly rate of £156.66 or 90% of your average gross weekly earnings, whichever is the smaller, to somebody who does not qualify for statutory maternity pay.
Personal Independent payment – letter or 3 months bank statements
Universal credit – basic universal credit portion only (standard allowance)
Unacceptable:
Child care element of tax credit
Loans
Stocks & Shares
ISA – where funds are not instantly accessible
Student loans
Child benefit
Housing benefit