Getting a mortgage when you work in sales

j123456789

Hi, 
I currently work in sales, feel like i am going to be declined a mortgage because i work on commission. 
I get paid weekly, my pay slip shows just two figures:
60 hours @ x amount 
Commission @ x amount 

Do i need to tell the lender than i am working overtime and that is combined with my basic wage on my pay slip, or just keep quiet about?
My commission stays around the 160-170 mark a week, sometimes higher. I have 3 years of p60s which all show my wages being very similar amounts, actually going up slightly each year and can show my pay slips each week showing similar figures each week 
partner is on 26k basic and we have a deposit of 50 k for a 280k house 
Any advice would be great 

K_S

@j123456789 You won't be declined for a mortgage because you work on commission. But you need to apply with the right lender for your circumstances assuming you're on a low-basic high-commission structure. The broker/lender will ask what the different components of your pay are - basic, commission, overtime, etc. Being able to evidence 3 years of consistent variable pay is a huge positive in your circumstances.

j123456789

thank you for the advice, was a little worried as all this is new to me. 
So would they ask for three years p60s or would they need 3 years of actual payslips? I get paid weekly (alot of payslips) 

In your experience as a mortgage adviser do many lenders accept 100% commission and over time? if i can show evidence the pay is more or less the same each year? Or would it be more around the 50% margin. 

@K_S

K_S

@j123456789 What documents they'll need will depend on the specific lender. In any case, they're not going to need 3 years worth of payslips.

Again, it differs from lender to lender and depends on what they ask for as evidence. Even though the number has gone down significantly post Covid, there are a few lenders who may take it at 100% subject to manual underwriting.