Complex Employed Income Guide

Understanding how your income is assessed by lenders is crucial when applying for a mortgage or loan, especially if you have a complex payslip structure. Lenders typically consider your basic income, but may also include other elements such as shift allowance, commission, overtime, and bonuses.

*This guide provides general information and should not be used as a sole basis for financial decisions.

How Lenders Assess Employed Income

Basic Income: Your basic income is usually considered at 100% by most lenders.
Additional Income: Includes shift allowance, commission, overtime, and bonuses. Treatment of these varies by lender.
Income Average: Lenders typically average your income over a period, such as 3 months, 6 months, or 13 weeks, and multiply by 12 to annualize it.
Caveats: Some lenders may only consider a portion of your additional income, especially if it's variable or irregular.

Specific Job Caveats

Car Sales/Sales/Commission: Some lenders may only take 50% of your commission, some take up to 75%, and rarely, some may take 100% depending on the scenario.

NHS Workers: Some lenders will take 100% of your shift allowance and most take at least 80% of your overtime, depending on regularity.

Other Job Types: Most lenders will only take an average of your latest weeks/months. They may take a percentage of commission, bonuses, and overtime, especially if irregular.

Need Help Understanding Your Income?

If you're unsure how your income will be assessed or need assistance in preparing your documents, our experts are here to help. Whether you're a sole director, part of a family-run business, or have a complex income structure, we can guide you through the process.

For a comprehensive assessment, please visit our full affordability calculator.

Complex Employed Income Calculator

Step 1: Select Period & Enter Basic Income

Select Period:

How would you like to input your basic income? *NHS workers: You can either include your shift allowance in your basic income for 100% use, or enter it separately under "Shift Allowance" to compare a lender's full and partial consideration.

Enter Annual Salary (£):

Step 2: Select Additional Income Type(s)

Select Additional Income Type(s):

Shift Allowance
Commission
Overtime
Bonuses

Step 3: Enter Additional Income (Optional)

Choose Income Calculation:

Percentage of Additional Income to Use:

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. Some forms of Buy to Let Mortgages and Commercial Finance are not regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate commercial finance and some forms of buy to let mortgage.

This complex employed income calculator is a guide and may not reflect your true borrowing capacity. Please consult a financial adviser for personalised advice. Lender assessments may vary based on the provider and individual circumstances.

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