What should I include in my income i.e. should I include overtime and bonuses etc?

The income figure you should insert is your gross annual income before tax. However, this is one area that is not clear cut and different lenders take different approaches to income and what they are prepared to take into account. However, as a general rule of thumb the most common approach is as follows;

 

Source of Income How much to include
Guaranteed overtime/bonus 50-100%
Regular overtime/bonus (not g’teed) 50%
Regular commission 50%
Shift allowance (contractual) 100%
Shift allowance (non contractual) 50%
London/Large Town Allowance 100%
Profit related pay 100%
Expenses 0%
2nd job 50%
Maintenance payments (under court order) 50%

 

 

 
 

 

 


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