Do Lenders Include Commission Income When Assessing Mortgage Applications?
When you’re applying for a mortgage in the UK, understanding what counts as income is essential. This is especially true if you receive commission payments as part of your earnings. You might be wondering, do mortgage lenders include commission income? This blog post will explain how lenders view commission income, how it impacts your mortgage […]
How Do Mortgage Lenders Calculate Affordability?
Mortgage affordability is about more than multiplying your salary by four or checking whether you can manage today’s monthly repayment. Before approving a mortgage, a lender will assess whether you are likely to afford the payments throughout the mortgage term. This normally includes reviewing your income, household expenditure, existing debts, credit history, deposit and the […]