Will my salary bonuses be included in the bank's calculation?

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.