Gross Annual Salary

DaffyDuck316

Hi everyone, 

I have been working solidly for the last nine months, and if I base that as my annual salary I am looking at £50,000

But here is my question, before those nine months I was for a month or so in-between jobs, I took my time a little bit as I had money and it was my 40th Birthday

Do I need to factor that into my Annual Salary? Ideally I would wait a few more months before applying for a mortgage, but the house I am renting is going on the market and I would really like to get it.

Thanks for any response 

BarelySentientAI

Depends on the employment type I would think?  Are you a permanent employee?  Contractor?  Self-employed?  Business owner?

Exodi

Assuming you are a salaried employee with regular pay (e.g. you don't do varying overtime), the general understanding is your last gross monthly salary x12.

E.g. If someone earns £50k per year and their employer gives a 10% payrise, their annual would now be salary would be £55k. Mortgage lenders typically ask to see 3-6 months worth of payslips, but it doesn't matter if previous payslips are for less (if you can justify the discrepancy), they're interested in how much you will be earning going forward.

DaffyDuck316

That's good to hear! Thanks!

I am a permanent employee.