Boost your income
Posted on 19th March 2023 at 17:01
The first question most clients want to know at our initial meeting is how much can they borrow.
Every lender has their own set of multiples.
But what happens when you have complex income?
Some lenders will only use a percentage of overtime, bonus, commissions, car allowance to name but a few. However, some lenders may take 100% of these. It all depends on how they view your income.
I had a client recently who worked under an umbrella contract for the NHS. A high percentage of her income was overtime. Her partner was an electrician and his income was predominantly made up of overtime as well.
The majority of lenders would lend them less than they required to purchase their home.
However, I managed to secure them a lender who was able to lend them an additional £20,000 due to how they viewed their income.
Had they gone to their high street banks, they would not have been able to achieve this.
If you want to know what you can potentially borrow and have access to exclusive lenders and products not available on the high street, contact me today to discuss your case and review your income.
mobile 07305 396811
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