Mortgage Application - Overtime and bonus

RupertNest

Hi,

I am filling out a Tesco mortgage application for a "DIP" and it asks about pay including overtime and bonus. The annual bonus is not guaranteed but for the past six years I have always received one (the amount varies). Would it be better to not mention it though? Also, since I changed jobs in June I always work overtime, although the amount varies, it is about £3,000 in total before tax so far for the past six months. I would expect that the overtime I do will reduce by March, but after that should earn at least £2000 extra per year through overtime. However, would it be better to not mention that?

EDIT: I should have added, I also receive (guaranteed) £62.57 per month towards the so-called employee benefits (e.g. medical insurance, pension, child care vouchers). This has actually just gone up since December. The amount shows up on my payslip separately. Should I combine it with my "basic pay" or just not mention it on the mortgage application?

Thank you all.

ashp_2

You can put it in. Sometime it's better to leave it out if you don't require it from an affordibilty point of view. They will only take 60% of guaranteed bonus/overtime into account anyway.

RupertNest

Thank you, ashp.

I decided to go for it and submitted the form (without OT or bonus) for a DIP to Teso Bank got it for the amount that I wanted. It was a lot quicker than I expected - a few seconds. But it is just a DIP, I guess.