pay varies monthly causing issues with mortgage application.

I have two jobs and one of my jobs involves working in a supermarket. I'm applying for a mortgage and the supermarket payslip has been flagged up due to variations in pay which vary between a couple of pounds. I have quizzed my manager regarding the issue because I work contract hours with no overtime, however, he wasn't able to answer why it varies monthly. I'm not able to provide my IFA with a satisfactory answer. Does that mean, I can't get a mortgage?
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  • ACG
    ACG Posts: 23,677
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    Presumably it varies depending on how many days in the month?

    Who is the lender?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • molerat
    molerat Posts: 31,695
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    If you are contracted to work say 3 hours per M-F and are paid monthly then your pay will likely differ month to month as there are a different number of week days in a month, the same if you only work weekends. You need to understand how you are paid.
  • ozmusafir
    ozmusafir Posts: 44
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    edited 30 November 2017 at 7:21PM
    ACG wrote: »
    Presumably it varies depending on how many days in the month?

    Who is the lender?

    I'm paid monthly, therefore it varies every month.

    on a Saturday I work 4 hours (take 15 min break )
    sunday i work 8 hours (take 30 min break)

    the break is unpaid.

    on the sunday i earn time and a half.

    on my payslip my contract hours are 11.25 and hourly pay is £7.621.
    The lender is halifax
  • ACG
    ACG Posts: 23,677
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    ozmusafir wrote: »
    I'm paid monthly, therefore it varies every month.

    on a Saturday I work 4 hours (take 15 min break )
    sunday i work 8 hours (take 30 min break)

    the break is unpaid.

    on the sunday i earn time and a half.

    on my payslip my contract hours are 11.25 and hourly pay is £7.621.
    The lender is halifax

    Is that not your answer then?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG wrote: »
    Is that not your answer then?

    shouldn't the monthly payment be the same every month?
    Oct month I was paid £358 and Nov month I was paid £364.
  • ACG
    ACG Posts: 23,677
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    I realise this is not the case, but just to keep it simple, if you worked Monday to Friday and there were 28 days in a month and the 1st of the month was a Saturday, you would work 20 days in the month.

    If there were 31 days in the month and you worked Monday to Friday with the 1st being a Saturday you would work 21 days in the month.

    Yours is a little more complicated as your shifts can vary in days and pay rates, but the theory is the same. Your monthly income will vary.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG wrote: »
    I realise this is not the case, but just to keep it simple, if you worked Monday to Friday and there were 28 days in a month and the 1st of the month was a Saturday, you would work 20 days in the month.

    If there were 31 days in the month and you worked Monday to Friday with the 1st being a Saturday you would work 21 days in the month.

    Yours is a little more complicated as your shifts can vary in days and pay rates, but the theory is the same. Your monthly income will vary.

    Thank for a simplified explanation but this has confused the life out of me. Due to the discrepancy, how do I go about resolving it with the lender?
  • ACG
    ACG Posts: 23,677
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    I can not tell you what to tell the lender as I do not know the answer 100%, but this seems the only logical answer.

    You could speak to your HR department and ask them to explain why it varies?


    Pull out a calender for the last 2 months.
    Write down every day you worked, your hourly pay for the day, the number of hours you worked and the pay for the day.

    Do that every day for a month and total it up.

    Then do the same again for the next month.

    Maybe that will help you to see how/why it differs.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546
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    ozmusafir wrote: »
    Thank for a simplified explanation but this has confused the life out of me. Due to the discrepancy, how do I go about resolving it with the lender?

    Set out what hours you actually worked in the respective months.
  • amnblog
    amnblog Posts: 12,412
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    Halifax hate variation in pay slips, or banked pay not matching payslip.

    We had a client this year under £4 net out on nearly £6K due to a clerical error and that was an issue we needed to manage.

    Quite simply this is something for your IFA to sort - that is what they are being paid for.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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