Case Study:
A large mortgage using bonus income

The Requirement:

An investment banker was looking for a £1.7m mortgage on a property valued at £3.1m. However, a significant part of his income was represented by a large annual bonus. An additional issue was that he had only recently taken up a position at a new bank.

The Solution:

We were able to make sure that the client’s long bonus history was credited for this application; indeed, the lender agreed to apply 75% of his latest year’s cash bonus. The mortgage was approved at 1.99% over base for 5 years.