Can you use bonuses in your mortgage application?
When assessing mortgage applications, banks generally take into account consistent sources of income. So, if you have a regular history of bonus payments alongside your salary, then a lender will take this into account when calculating your income. However, if bonuses tend to be sporadic, a bank will be less likely to factor this into their decision making.
When you apply for a mortgage through Foxes, we will ask you for two years (possibly three) of financial history, and we will consider whether your bonuses are uniform and advise you accordingly.