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Mortgage application with car allowance

Reason123
Reason123 Posts: 163 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Mortgages & endowments
Hello


I earn an additional contracted car allowance every month which shows as a seperate item on my pay slip. It is taxable and I use it how I wish.


On mortgage application can I add this into my yearly salary or must I exclude it?


Thanks

Comments

  • kingstreet
    kingstreet Posts: 39,416 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yep.

    Most lenders will add it to basic.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • Reason123
    Reason123 Posts: 163 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Great Thanks
  • mirko
    mirko Posts: 269 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    Mine was when I applied for a mortgage 10 years ago.
    As of 24/11/2020
    Mort: - £98,200
    CCds: - £1,568.18
    Loan: - £0
    Savings: - £3,500.00
This discussion has been closed.
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