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Mortgages for those on variable incomes

Jambonjunior · 2016-01-11 20:09:02

Currently about 80% of my income is bonus or incentive based, while my salary is reasonably low. That being said my income is quite stable on a monthly basis. I've looked into applying for a mortgage but I've been told that banks are reluctant to take much of a bonus into consideration when it comes to loan amounts. I'm…

11-01-2016 8:09pm

#1

Jambonjunior

Registered Users, Registered Users 2 Posts: 301 ✭✭

Join Date: August 2015

Posts: 187

Currently about 80% of my income is bonus or incentive based, while my salary is reasonably low. That being said my income is quite stable on a monthly basis. I've looked into applying for a mortgage but I've been told that banks are reluctant to take much of a bonus into consideration when it comes to loan amounts.

I'm just wondering what do people with similar types of income to me do, or where they go for mortgages? A significant amount of people must have a similar income structure as mine?

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