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Investec taking bonus income into consideration

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Investec are targeting borrowers struggling to secure a mortgage because large parts of their salary are paid via an annual or quarterly bonus.

The bank says they will potentially lend up to 100% of a bonus providing the applicant has a track record of receiving it. Some lenders are happier to accept bonus income than others and, if you can’t raise a large enough mortgage, Trinity may be able to help.  

Most high street lenders tend to take around half of a bonus into consideration for mortgage purposes. HSBC go a little bit further and ask for proof of the last three year’s bonuses and then they accept half of it.  

Halifax may take up to 60% of a bonus into consideration, although in contrast Coventry Building Society will not take any annual bonuses at all.

If you would like help to secure a best buy mortgage, call us on 020 7016 0790.

January 31, 2014

As seen in
sunday times telegraph financial times bbc news the express the times
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