Complex Income Mortgage

A Complex Income Mortgage would be the right option for you if you have multiple income streams – this doesn’t necessarily mean you’re self-employed.

If you receive income over and above your basic salary with any of the following, a Complex Income Mortgage might be right for you:

• Overtime
• Commission
• Bonuses
• Shift Allowance
• Vouchers
• Car Allowance
• Pre Tax Deductions

These can be paid weekly, monthly, quarterly or annually and must be evidenced in different ways according to the lenders. This can be wage slips over a 3, 6 or 12-month period, backed up with P60s.

These are mainly covered by being permanently employed, if you are in a contract, temporarily employed but consistent, zero hours contracts, contract workers, CIS etc the list goes on.

With our knowledge and experience, we help collate all the correct evidence to
present to lenders to get you the most suitable mortgage.

We then delve into the area of self employed, partnerships, LLP’s and Limited Company directors or shareholders with more than 20% share.
Generally self employed soletraders have only a net profit that they declare to HMRC and this is the figure we use, whereas shareholders, ltd company directors can receive a salary and dividends but because they have a 20% or more share in the company, lenders will tend to double check you aren’t taking more dividends than you should or the company may have more profit or retained profit than your dividends and lenders can use this instead, and this is
where we can check all scenarios to work out which gets you’re the best affordability, please download our guide to ltd company directors.

Why Best 4U?

As an independent mortgage broker, we are only interested in getting the best deal for our clients! We work with a wide range of lenders and can view the whole of market, with your goals and dreams in mind we can help you to get the deal that is Best 4U!