200 hours a month of overtime, what will lender think?

london21

You will need to contact a broker to check your personal case.
Likely they will only use your base salary for affordability, you can then explain your over time situation. 

ACG

Most people know banks typically want 3 months bank statements and payslips as standard.
I am sure it is just a coincidence you have 3 months with the overtime on...

There is a little more information needed, if you only need say 10% of your overtime, I would look at your P60 to see if you have been doing overtime in the last year or so. If not, then I would not use any of your overtime. If you have previously been doing 20 hours a month overtime, I would consider it. 

But to be honest with you, I vet my customers as much as they no doubt vet me. If I think someone is trying to manipulate the system, I just say the case isnt for me. I dont hold it against you, I understand why you are doing it, but I dont want my license risking. 

I have a customer who works full time for the NHS and then does another more or less full time job at a restaurant. I thought it was dodgy as I did not believe someone did 2 full time jobs, but everything I have asked for he has been able to provide - payslips, P60, bank statements, they all stack up. That is the first time in nearly 10 years someone has been able to provide everything I would want in order to believe the second job is not just to boost borrowing capacity. 

AndyDufresne

ACG said:

Most people know banks typically want 3 months bank statements and payslips as standard.
I am sure it is just a coincidence you have 3 months with the overtime on...

There is a little more information needed, if you only need say 10% of your overtime, I would look at your P60 to see if you have been doing overtime in the last year or so. If not, then I would not use any of your overtime. If you have previously been doing 20 hours a month overtime, I would consider it. 

But to be honest with you, I vet my customers as much as they no doubt vet me. If I think someone is trying to manipulate the system, I just say the case isnt for me. I dont hold it against you, I understand why you are doing it, but I dont want my license risking. 

I have a customer who works full time for the NHS and then does another more or less full time job at a restaurant. I thought it was dodgy as I did not believe someone did 2 full time jobs, but everything I have asked for he has been able to provide - payslips, P60, bank statements, they all stack up. That is the first time in nearly 10 years someone has been able to provide everything I would want in order to believe the second job is not just to boost borrowing capacity. 

Thanks for the insight. That’s correct, it is coincidental that I only have 3 months of payslips with all the overtime, as I have only had this job (technically a promotion) for 3 months.

The thing that I don’t have though is the P60, as I have only had about 6 months of continuous employment with them. The overtime only started really about 3 months ago, so I presume that will prevent me from using the overtime in affordability. 

Just to reiterate, I don’t need the overtime for getting a bigger loan, I can afford what I want with my base salary alone. The overtime has been to help build a bigger deposit. 

My question now really is will doing too much overtime actually decrease my affordability from base salary, not increase it? I.e. due to sustainability risks. 

getmore4less

By the time you find a place your deposit should be a lot bigger anyway.

ACG

As kingstreet mentioned, he only puts down the base salary if overtime/commission etc is not needed - I work in the same way. 
The overtime will not mean a reduced loan amount as in essence we are ignoring the overtime and just working off the base income.