Cashback Remortgages · Eligibility
Mortgages With Bonus, Commission or Overtime
If part of your pay is variable — bonus, commission or overtime — lenders count it in different ways. Some use all of it, others a portion, others none.
How variable pay is treated
Lenders may use an average of recent variable pay, a percentage of it, or exclude it, depending on how regular and evidenced it is. This can significantly change how much you can borrow.
Regular, documented variable pay is treated more favourably.
What helps
Provide payslips and P60s showing the variable elements over time. Advice helps you find a lender whose treatment of your pay maximises what you can borrow.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.