How is mortgage affordability worked out?

Rubi87

Hi, 

I am on a 25 hour contract with my current employer however I am required to work 40 hours as a minimum. 

I called Natwest today re-a mortgage in principle and they advise they’re only able to give me a mortgage based on my 25 hour contract as opposed to 40 hours I work. Is this correct? I can get a letter from my employer to confirm this. My payslip shows basic pay for 25 hours the further 15 hours is classed as overtime however the Natwest advisor said she can only go by my P 60 from April which doesn’t really reflect this. Is there anything I can do or is there any advice you can give me please?

csgohan4

A broker will be best placed to use that overtime to the max, but not all lenders will take 100% of your overtime. 

Rubi87

csgohan4 said:

A broker will be best placed to use that overtime to the max, but not all lenders will take 100% of your overtime. 

Thank you. I will get in touch with a broker.