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Which mortgage lenders take commission into consideration?
Baby_A
Posts: 628 Forumite
Hi
We are coming to an end of our current mortgage deal. My husband has had a career change since we first got our motgage and works in sales. He receives a very small amount as basic pay and a large part of his pay is based on commision. When looking around, I have been advised by one of the lenders that they would only take basic pay in consideration as commission isnt guarnateed.
There is no way we would be approved if only his basic was taken in consideration as it would indicate we are not able to afford the payments. Any ideas on how to get around this or any lenders who do take commission into consideration provided I show them the last few p60's?
We are coming to an end of our current mortgage deal. My husband has had a career change since we first got our motgage and works in sales. He receives a very small amount as basic pay and a large part of his pay is based on commision. When looking around, I have been advised by one of the lenders that they would only take basic pay in consideration as commission isnt guarnateed.
There is no way we would be approved if only his basic was taken in consideration as it would indicate we are not able to afford the payments. Any ideas on how to get around this or any lenders who do take commission into consideration provided I show them the last few p60's?
:j BABY A :j
0
Comments
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Have you asked your current lender what deals they will offer you? If it's a decent offer you don't have to prove anything and so it takes away the worry of having to remortgage
Going back to your current lender should always be your starting point because it then gives you something to try and beat!0
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