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New Bonus Policy

16th April 2018

We have updated our policy for annual bonus income – live now.

  • We will use 50% of annual bonus income as standard, averaged over the most recent 2 years.
  • If the bonus has decreased in the most recent year, we will use 50% of the most recent figure.
  • There is no minimum or maximum limit on the amount of bonus we will use.

Proof of bonus: We require the most recent 2 years P60s. Alternatively the most recent 2 annual bonus payslips or an employer letter may be used.

We also continue to accept 100% of monthly commission and overtime.

All applications are subject to status and lending criteria. A final lending decision will be based on assessment of how much your client could reasonably afford, their individual circumstances, their credit score and the suitability of their property as security for their mortgage amount.

If you have any questions, please contact your Relationship Manager.

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Get in touch

For all lending policy and new business enquiries:

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