Mortgage acceptance

keith_45

Hi, I want to buy a new house with a 90% LTV mortgage (once I've sold the current place)
I earn 30k basic (expecting a payrise soon) and about 20-30k commission
Partner earns 30k with NHS
New place would cost 250k
I have an excellent credit rating and have been with current employer for more than 8 years
I'd have thought that that would be a good basis to be accepted for a mortgage with most providers

What might be an issue is that my employers are a German company and I'm the sole UK person working from home. I get paid gross into my bank account and pay my taxes myself, but PAYE as an employee, but I'm also the employer (even though I'm in a secure job with an overseas company). Do you think that the fact that I get paid gross by a foreign company and pay my taxes myself will count against me in any way?

Meeper

I'd engage an adviser if I were you because this will likely need to be discussed with the lenders prior to submission and a decent adviser will have some ideas of where to start with it.

ACG

I dont think there will be too much of an issue, if you have payslips and a P60 as well as bank statements, any lender with a common sense approach would be able to do the math and with a letter explaining how it works you should be fine.
I dont think there is an issue with you being the sole uk person or being paid by a german company as you hve been there a long time your job seems quite secure.
I do agree its probably best speaking with an advisor though, atleast then if nothing else you know you dont have to worry about it and it will get done for you.

EDIT: Even without the payslips - presuming you dont have those. A P60 and bank statements should still be ok.