Overtime on mortgage application

baz8790

I have been getting regular overtime at work since I started in 2008.

The problem is the overtime is not guaranteed and is when required in my contract.

I know my work will not confirm that overtime is regular or guaranteed.

When applying for a mortgage I will only put my basic salary and that's what I have based my affordability on.

My worry is that my payslips and P60 will show that I am earning more than the basic salary that I am declaring will that cause any issues?

My p60 from last year is £12k more than my basic salary.

I'm probably just overthinking things but hopefully someone on here has been in a similar situation.

HappyMJ

There is nothing wrong with under declaring your income. Over declaring your income to obtain a mortgage would be fraud.

I would, if you've got quite a number of payslips proving it, declare the overtime as regular despite your employers reluctance to write a letter supporting it. The payslips you have should prove it's regular enough.

baz8790

I have payslips for at least the last 5 years to show the overtime.

I don't want overtime taken into consideration even with the banks affordability checks as I don't want to stretch myself.

I don't want to be in a situation where I rely on overtime to be able to afford to live.

As long as the bank won't question why I'm declaring less pay than what I earn I'm happy.

David_White

I applaud you for taking a common sense approach and not wanting to stretch your finances... if only more did the same.

Only using guaranteed basic income on your application won't pose an issue.