salary v hourly pay problem

nicke20

Am I stuck?

im contracted to work a 6 day week, i do 7am till 5pm mon to friday and 8.30 to 5.00 on a saturday
I have worked with my current employer for 30 years, and these hours for 20 years
my last p60 was circa £29k, and prviose p60's are the same taking into account inflation pay rises each year
my mortgage broker used my p60 figure as my income figure but bow says that as my payslips break down to normal hours (40 a week) weekends (at enhanced rate) and "overtime" ie hours over 40 during the week at enhanced rate
so the lenders will only consider my normal hours (40 hours at basic) even though these are not my normal contracted working hours
that drops my income to £19.5k
is this the norm??

monty-doggy

Is your overtime contracted? It's unusual to be contracted to more than 40 hours a week, however if this is the case I'd get a copy of my employment contract and give it to the lender/broker and ask them to reconsider.

nicke20

yes im contracted for all my hours, i had to sign myself out of the working time directive

monty-doggy

In that case I'd get copies and get onto a broker/lender to have another look at it.