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Income from employee shares
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LadyB83
Posts: 2 Newbie
Hi all,
I'd be really grateful for some clarification regarding income from shares please. My husband got to a point within his company where he was offered to buy shares, with the understanding that every 5 years after refinancing there would be a pay out. I'm curious if this can be included as a source of income during our mortgage application and how it is accepted, ie. as an additional bonus, as this is a one off payment every 5 years.
Many thanks.
I'd be really grateful for some clarification regarding income from shares please. My husband got to a point within his company where he was offered to buy shares, with the understanding that every 5 years after refinancing there would be a pay out. I'm curious if this can be included as a source of income during our mortgage application and how it is accepted, ie. as an additional bonus, as this is a one off payment every 5 years.
Many thanks.
0
Comments
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@ladyb83 Afaik there is no lender who will consider a once every five year bonus payment as income for affordablity purposes.
I am a Mortgage Adviser - You 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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Thank you. Hoped it wasn't the case but thought as much.1
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