Hypothetical Mortgage Application

Thriftking

I have just landed myself a pretty nice new job working offshore. I am a permanent employee and the remuneration rates are not 100% straightforward.

I have a salary (retainer) which is a modest amount paid irrespective of work cycle or location.
In addition to this I will earn a day rate for either on or offshore locations.
To make things less clear still there is an additional uplift if I am working in 'less safe' global locations.

How can I prove my earnings?
Typically I would be expected to do 200 days offshore and I believe I am to be posted to a location where the additional uplift will apply.

All in all it will be a good annual takehome but may be difficult to prove.

Anyone have any experiences of this?

Peelerfart

Sounds like a job for an advisor to me,which I'm not.

In the mean time have a bump

kingstreet

I suspect if you want "variable" earnings to be taken into account, you'll need a decent length record of such earnings and be able to evidence them.

Typically, a lender may take 50% of things like overtime and commission into account if it isn't guaranteed. They would want payslips and P60 as evidence.