Proving your income

Weetod

Had anyone done extra work cash in hand before applying for a mortgage such as delivery driver? Was this income took into consideration and if yes what prove if any did the bank require? 

bradders1983

You are asking if cash in hand work you havent paid tax on can be included on a mortgage application? 🤔

Gem_M90

I imagine they'll probably want to see your self employed tax returns as proof first of all... 

Weetod

Probably didn't explain the situation correctly. I don't mind paying tax on my income but issue I'm trying to resyric how much money I need to pay my ex as I'm already paying her 500 per month while she claims over 2000 in benefits and still refuses to let me see my kids even though I've been to court 

bradders1983

None of that is really relevant. I cant see how you can include income that you arent putting "through the books".

ACG

If you do not declare your income, it cant be used for mortgage purposes. 
Lenders want payslips if employed or self assessments if self employed. Typically 3 months payslips if employed and 2 years self assessments if self employed. 

[Deleted User]

Some people do still get paid as cash.  In these cases lenders will ask for the payslips and the bank statements. They will expect to see you put the cash in to the bank regularly in order to verify it.  In addition to this they will do an employers reference. 

If its just odd jobs as cash in hand then you can use this subject to showing it has been declared to hmrc at the end of the tax year and any tax liability calculated 

monetxchange

Weetod said:

Probably didn't explain the situation correctly. I don't mind paying tax on my income but issue I'm trying to resyric how much money I need to pay my ex as I'm already paying her 500 per month while she claims over 2000 in benefits and still refuses to let me see my kids even though I've been to court 

Doesn't matter if you "don't mind" paying tax on the income, the important thing is if you actually declared it and did pay the tax. Self employment is a minefield in mortgage lending even with impeccable records. You need to get your records and tax liabilities in order and forget the phrase "what proof if any" - reality is that will want a ton of officially viable proof of income before they lend you large sums of money. I'm currently going through a SE mortgage process and they're picking up every single amount that goes out of my bank account!