Additional Income
Getting a mortgage with overtime, bonus, or commission income can be challenging
Not all mortgage companies allow additional income such as overtime, bonus, and commission payments. Some lenders will only consider a portion of this income, while others may not consider it at all. It is important to check with the lender you are considering to see if they will accept this type of income.
If you do have overtime, bonus, or commission income, there are a few things you can do to make it more likely that a lender will accept it. First, make sure that you have a history of receiving this income. This will show the lender that it is a reliable source of income. Second, be prepared to provide documentation of your income, such as pay stubs or tax returns. This will help the lender verify your income. Finally, be prepared to explain how you will use this income to make your mortgage payments. This will show the lender that you are a responsible borrower.
Getting a mortgage with overtime, bonus, or commission income can be challenging, but it is possible. By following these tips, you can improve your chances of getting approved for a mortgage.
Video Mortgage Advisers
Plus you get online video advice throughout the Home Counties, likewise a mortgage adviser service via telephone, email, and live chat. The icing on the cake is, because we know you are busy, you can book your appointment anytime of the day, with availability from 8am to 8pm.
Therefore, whether you are buying your first property, moving home, remortgaging, buying to let or simply looking for some mortgage advice, we are here to help. Book an appointment and meet with a local mortgage broker.
Leave Stress Behind
Leave the stress of finding a mortgage behind. Our mortgage advice guides may help get you started.
Free Up Time
Don’t spend hours surfing the internet or on hold to your bank. Free up time for family and friends, use a mortgage broker.
Stay in Control
Make your mortgage advice appointment at a time suited to you. Pick your own appointment date and time.
