How to have commission included as salary when borrowing?

anyone know of a way around this issue?

30% of my salary for the last 2 years has been commission based and as a result most financial institutions wont include a big proportion of my salary as my income when working out how much i would qualify for mortgage - hope this makes sense

does anyone know of a way around this from my employers perspective or from the bank's perspective?

If they don't already ask, you could show them pay slips which include the commission and to show how much you earned in the previous year . . . they might take into consideration.

Are commission payments included on your P60 or P21 (?) balancing statement?

Hi There


First active will normally take into account commission, averaged over a 2 year period, it would have to be shown on you p60, Ulster will allow 75% of comm, speak to your broker as to who offers the best in your situation

I got the apps for virtually ALL the banks when I was sorting out a mortgage - and they all had a section for commission/annual bonus. Furthermore, as Clubman has already pointed out, your previous P60(s) will show total amount earned including commission/bonuses, etc.

Thanks for the feedback - yes the P60's do include commission however so far neither ICS (BOI) or PTSB were willing to include all of this figure as part of my salary - they would include 50% of last years or 50% of the average of last two years but not 100%!

I will def be trying First Active and Ulster soon though!

Thanks