Bonus Income Mortgages
Bonus Income Mortgages - Bonus income mortgages are mortgages in which a bonus income contributes towards mortgage payments. Different lenders have a variety of policies relating to how they categorise bonuses: discretionary, performance related or contractual. Bonus income mortgages are niche mortgages, varying between lenders, mortgage type, industry in which the applicant works, and previous bonus history at the current employer.
In some instances, lenders may refuse to include all or part of a bonus paid by an employer, lowering the salary that rates and eligibility are based on. Lenders that do offer bonus income mortgages may require details of all the relevant information of your employment history, length of time at current employer and bonus procedures at the company, as well as your property details.
At Capital Fortune we pride ourselves on providing the bespoke service that our clients require. We take care and attention in researching all the information required, not only for your mortgage application, but to ascertain what mortgages are most suited to your needs. Our expert bonus income mortgages team will take you through every step of the application process, and conduct on in-depth analysis of the market to find you the most appropriate mortgage at the right rate.
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