TLDR: To add savings as a source for a purchase, provide the savings amount, employment and income details, and any co-purchasers' information including their employment and income. After entering these details, the outstanding balance updates accordingly. Evidence of savings requires uploading a payslip dated within the last six months.
Adding your savings
After selecting to add a source, you will then have the option to select savings. When adding savings, you'll need to provide the following information:
The amount of your savings being used towards the purchase
Your employment details, and details of other income
The details of anyone else contributing their savings
Adding your details
After adding the amount coming from savings you'll then be asked to provide details to support this. You'll be asked to provide:
Your employment status
Your pre-tax income
How often you are paid
When you are paid what reference does the employer use on your bank statement
If you have any other sources of income, and the details of this income (e.g. a rental property)
Adding a co-purchasers details
After adding your details you'll then be asked if anyone else is contributing their savings to the purchase. If there is a purchaser you'll be asked to provide:
Their name and mobile number
Their employment details
If they receive any other income and the details of this income
After adding their details you will also have the option to add another co-purchaser if needed.
Once you have added the source you'll see the outstanding balance update to reflect this. If you need to change or remove the savings please select 'edit' next to it.
Evidence your savings
If you have added savings as a source you'll need to provide evidence of this. You'll be given a new task to upload a payslip dated in the last 6 months.