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Salary Sacrifice impact on mortgages nowadays?
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MaxiRobriguez
Posts: 1,783 Forumite
Hello -
I know in the past that salary sacrificing into pension has impacted mortgage offers as it reduces take home pay for a number of months, but do lenders still consider this a factor now that salary sacrifices can be edited monthly rather than annually?
It currently suits me to sacrifice 50%+ of my salary, but my salary only makes up 2/3rds of my total income (rest is made up from bonus, on-call, car allowance), and with a possible house move shortly on the horizon will every lender just apply the 4.5x calculation based on 1/3rd of my total income?
Anyone else been in a similar scenario recently and/or have experience of the proportion of lenders that insist on sticking to the old black and white rules and the proportion that are more flexible now?
I know in the past that salary sacrificing into pension has impacted mortgage offers as it reduces take home pay for a number of months, but do lenders still consider this a factor now that salary sacrifices can be edited monthly rather than annually?
It currently suits me to sacrifice 50%+ of my salary, but my salary only makes up 2/3rds of my total income (rest is made up from bonus, on-call, car allowance), and with a possible house move shortly on the horizon will every lender just apply the 4.5x calculation based on 1/3rd of my total income?
Anyone else been in a similar scenario recently and/or have experience of the proportion of lenders that insist on sticking to the old black and white rules and the proportion that are more flexible now?
0
Comments
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Its not an issue today as most employers will still state the actual pre-salary sacrifice income on the payslip or verify salary sacrifice by other means.0
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