£800,000 mortgage for higher earner buying family home using 100% of bonus income

by Aaron Strutt

Mar 15 2024

What was the situation?

Our clients contacted Trinity Financial to ask for help to secure a bonus income mortgage. They needed to raise £800,000 to buy a £1.3 million detached family property.

While the primary income earner received a considerable salary, 50% was paid in bonuses.

What was the issue?

Many lenders cap bonus income for mortgage affordability calculations, and our clients needed a lender to offer a generous income multiple using most of the bonus income.

They had already lost a property and agreed to buy another one in the same area. This meant they wanted a fast mortgage to get the purchase agreed promptly.

What was the process?

After sending over their payslips so we could see their PAYE income, our broker went to the market to find the most generous lenders. She found a bank offering the most competitively priced two-year fixes willing to accept all the income to make the loan affordable. 

What was the solution and mortgage rate?

After our client sent us all the needed forms and the application was sent to a large bank, the mortgage offer for £800,000 was issued within two weeks. This was on full capital repayment over a 25-year term.

They could also make 10% overpayments each year without charge.

Lending solutions with Trinity Financial

Are you looking to buy a property and require expert advice? We’re here to help you find a solution – no matter how complex your circumstances.

At Trinity Financial, our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation. 

The information contained within was correct at the time of publication but is subject to change

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