The lender will now accept zero hours contracts, self-employed earnings as secondary income and applicants on probation in a new role.
The lender will take zero-hours contracts where the applicant can demonstrate a minimum 12 months’ track record of regular employment and earnings.
It will count all self-employed earnings as secondary income with a two-year track record.
Finally, applicants serving a probationary period for a new role will not have to pass their probation before their mortgage completes. If they’ve changed careers a minimum of two months’ employment may apply and this will be considered case by case.
“We recognise that people have different types of employment status and contracts. These criteria changes are designed to meet their needs,” said Richard Groom, head of sales at the Tipton (pictured).
