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Company shares & net monthly income
kilby_007
Posts: 738 Forumite
On my mortgage application it asks for my net monthly income. I'm in two share schemes with work which means my payments are deducted via payroll. These shares have a guarantee that I will at least get back what I put in (i.e. if the share price falls) and I can withdraw it at any time. Should I put down my take home pay, or should I include my shares in this figure?
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Comments
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Answer the question as it asks. If you put down a higher figure it may impact your offer later on down the line.
Who is the lender? Barclays for example ask for your net oay, but it's not used for anything (or at least 18 months ago it wasn't).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 -
Answer the question as it asks. If you put down a higher figure it may impact your offer later on down the line.
Who is the lender? Barclays for example ask for your net oay, but it's not used for anything (or at least 18 months ago it wasn't).
Tescos. They ask about net monthly income but then later in the application they ask about payments taken from pay roll (e.g. share save, pensions, etc)0 -
It might be worth giving them a call then and asking them.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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