The Intermediary – September 2026 - Flipbook - Page 91
B RO K E R B U S I N E S S
Case clinic
and looking to purchase an investment property
in the UK. We accept first-time buyers and
first-time landlords, subject to meeting our
lending criteria.
C AS E T WO
Borrower with
overtime income
overtime, we would look to assess this alongside
their £36,000 basic salary. We would need to see
the overtime reflected on all payslips provided and
aligned with the year-to-date figures.This would
help demonstrate that the income is ongoing
and can be considered as part of the affordability
assessment, subject to underwriting.
SUFFOLK BS
Depending on the sustainability and steadiness of
the applicant’s income we can look at it on a caseby-case basis. However, it is a high LTI case which
may be unsuitable for us.
MARSDEN BS
paramedic is looking to purchase a
£315,000 property with a 10% deposit.
Their basic salary is £36,000, but regular
overtime has increased annual earnings to around
£48,000 over the past eight years with the NHS.
They have a clean credit history but are concerned
about the complex nature of their income.
A
GEN H
Complex income is Gen H’s bread and butter, but
unfortunately this buyer is limited by LTI multiples.
We are happy to use all of the basic salary and
overtime as they have a clear track record, but
they will likely still need to use an income booster.
Overtime is typically weighted at 75%, but we
would consider higher based on track record.
UNITED TRUST BANK
Up to 75% of the applicant’s additional overtime
can be used to support affordability as the
overtime is regular. However, the useable income
is still insufficient to meet our LTI requirements.
BUCKINGHAMSHIRE BS
The society can consider additional income, such
as overtime, and may be able to use up to 100%
of this income when assessing affordability. A
strong and consistent track record would need to
be evidenced, typically through the last two years’
P60s, to demonstrate the level of overtime earned.
As overtime can fluctuate, an average of the
income received over the relevant period would
normally be used as part of the affordability
assessment. The society would also need to be
satisfied that the overtime is sustainable and likely
to continue at a consistent level going forward.
TOGETHER
We could consider lending up to 75% LTV for this
purchase. While the applicant is concerned about
the complexity of their income, their profile is
supported by eight years’ continuous employment
with the NHS and a clean credit history. As a
significant proportion of earnings comes from
We can consider up to 90% LTV under our
residential product range, subject to product
availability. We accept 100% of basic income and
60% of overtime income, with overtime calculated
using the average of the last two years, evidenced
by the previous two years’ P60s. However, our
maximum income multiple of 4.5x means a larger
deposit would likely be needed.
C AS E T H R E E
Family purchase with
dependent parent
couple are upsizing to a £440,000 house
to accommodate an elderly parent, who
is financially dependent but will not be
named on the mortgage. They have a 15% deposit,
earn £43,000 and £37,000 respectively, and have
one school-aged child living at home.
A
GEN H
Pending full eligibility and affordability checks, this
mortgage would likely be affordable with Gen H.
UNITED TRUST BANK
UTB would be happy to consider this. The
financially dependent elderly parent and schoolaged child will be factored into affordability, and
ONS statistics will be used for these additional
occupants in the affordability assessment.
HARPENDEN BS
The elderly parent would be keyed as an adult
financial dependant and would not need to be
named on the mortgage. The key consideration
would be ensuring no part of the deposit is being
→
contributed by the parent.
September 2026 | The Intermediary
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