We can accept Overtime income
Overtime paid monthly:
- Accept up to 100% of the average monthly amount - if there is a decreasing trend, we may take a lower figure that’s considered sustainable
- Latest 3 months’ payslip and corresponding bank statements
- Latest P60
Overtime paid quarterly or annually
- Accept up to 50% of the lower of the average periodic amount or the latest figures - if there is a decreasing trend, we may take a lower figure that’s considered sustainable
- Latest 2 years’ year-end payslip showing the Overtime income, OR Latest 2 years’ P60, OR Last 2 years’ payslip from the month the Overtime was paid
Post weighted bonus, overtime, and commission income is capped at 100% of basic earnings (salary and guaranteed allowances)