We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Question about my mortgage application and company car

daz134
daz134 Posts: 3 Newbie
Tenth Anniversary Combo Breaker
in Mortgages & endowments
Hi

I'm going to put in an application for dessision in principle with in the next 24 hours and my question is based around what I earn and my benifit in kind.

I have a company car and the value is around £8500 which is recorded on the p11d

If I was on £45k does that mean I put £45k on the application for or does it mean I'm on £53500k because the p11d value is a taxable perk.

Thanks for any advice 

Comments

  • JJG1984
    JJG1984 Posts: 46 Forumite
    Second Anniversary 10 Posts
    £45k is what they used for my application and I have a company car also 
  • amnblog
    amnblog Posts: 12,764 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your P11D is not income as far as a mortgage lender is concerned.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture