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Salary confirmation - London weighting
WLITC
Posts: 1,029 Forumite
When it comes to salary confirmation, does it matter if my pay slips/salary confirmation from employer (if requested) states my base salary and London weighting seperately?
Going off my base salary, it appears that I'm on £4k less than I am, but obviously if someone asks what my salary is, I give my total salary including the London weighting as this isn't optional or subject to company or personal performance like a bonus, etc.
Going off my base salary, it appears that I'm on £4k less than I am, but obviously if someone asks what my salary is, I give my total salary including the London weighting as this isn't optional or subject to company or personal performance like a bonus, etc.
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Comments
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Most lenders will allow London weighting as basic salary, as it is contractual and guaranteed.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.0
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Out of interest is that the same for a car allowance?Thinking critically since 1996....0
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somethingcorporate wrote: »Out of interest is that the same for a car allowance?
Not necessarily, this is lender specific.
OP - What did I say yesterday. You are almost certainly going to need a broker, so the frequent, additional questions and answers are not necessarily providing you with any additional, useful information.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.0 -
Opps, naughty step for meOP - What did I say yesterday. You are almost certainly going to need a broker, so the frequent, additional questions and answers are not necessarily providing you with any additional, useful information.
. Its hard not to ask answers for all the questions bubbling in my head, but I'll try to resist and and just focus my attention on saving my deposit. 0 -
I know, but save, save, save are the key words here.
Time is a healer on your credit file too and therefore patience is the watch word, hard as it may be..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.0
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