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PHI as income for mortgage purposes
KRB2725
Posts: 685 Forumite
Could anybody tell me if PHI income (paid via employers payroll system but detailed as PHI rather than basic salary) would be considered by many/any mortgage lenders?
Corporate rather than individual policy, tax paid on the income if that makes any difference.
Thanks
Corporate rather than individual policy, tax paid on the income if that makes any difference.
Thanks
0
Comments
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How long is the income guaranteed for?0
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Until return to work or retirement age.0
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Yes, but very few lenders will accept it.
Its not something I have placed personally but I believe one or 2 high street lenders will accept it as a form of income.I am a Mortgage AdviserYou 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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