Read in your language
Translations open in Google Translate. They are automatic and may contain errors. Check important mortgage wording with Jack in the original English.
These examples explain situations worth discussing. They are not records of actual clients, approvals, quotations or completed transactions. Any outcome would depend on an individual assessment.
A professional receives a substantial payment once a year. Its history and expected continuation need evidence.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A borrower's commission changes with sales performance. A single strong month is not the whole income picture.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
An employer has altered the remuneration structure. The new terms need to be understood alongside historic payments.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A mortgage applicant wants to discuss bonus and commission mortgages. Two points need attention: recent payslips; bonus or commission history. Monthly commission, an annual bonus and a guaranteed contractual payment have different characteristics. The evidence and the decision need to be considered together rather than in isolation.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A mortgage applicant has started a conversation about bonus and commission mortgages, but the brief has changed. The review revisits two points: employment contract and scheme terms; bank statements and any employer confirmation. The next step is agreed using the updated facts, with any unresolved questions recorded.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
Monthly commission, an annual bonus and a guaranteed contractual payment have different characteristics. We look at payment dates, amounts and any changes to the scheme. Employer confirmation can help explain an unusually high or low period.