V12 Procedure Guide - Flipbook - Page 11
Procedure Guide
Procedure Guide
Additional Proofs (if requested)
Proof
Requirement
Proof
Requirement
Proof of income
• Payslips (for the last 3 months) or Bank Statements
(for the last 3 months)
Bank Statements
Where bank statements are provided in all cases:
• The bank statements must be the latest months personal
• Payslips must show year to date figures
bank statements
• The customer’s name and employer’s name must both
show on the payslip
• Mini-statements are not acceptable
• The bank statement must show regular credits to
demonstrate the customers income
• If a customer is paid more frequently than monthly,
we will need to see all payslips the customer would
have to evidence the income received
• If a debt management plan has been identified on the bank
statement, the application will be declined
Self-employed
• Latest 3 months satisfactory bank statements
• If the bank statement shows any returned mortgage
payments, the applications will be declined
Benefits Financial
Proofs
• Latest 3 months satisfactory personal bank statements
• If the bank statement shows any returned direct debits, the
application will be declined
• In some cases V12 Vehicle Finance may ask for both
bank statements and proof of benefit to confirm national
insurance number and that the Customer is receiving the
benefits
• Or a copy of the benefits letter dated within the last 90 days
Pension Financial
Proofs
• Latest 3 months satisfactory personal bank statements
• Or proof of pension
• PDF bank statements must show the customers name and
account number
Please note that underwriting may request further information
Proof of Address
• Bank or credit card statement
(Dated within the
last 90 days with
the exception of
Council Tax bills)
• Council tax demand or statement (current council tax year)
• Utility bill (gas, electric, landline telephone)
• HMRC letter
• General correspondence or mobile telephone bills are
not acceptable
• Valid driving licence (photo card or old style)*
*Cannot be used for both proof of address & ID
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