Mortgages & Variable Income (OTE Based)
Discussion
Hi, just looking for a quick check. My role is Sales orientated, and I'm on a 70/30 pay plan (30% being variable based on my performace 
). I generally make on or above my OTE, but just wondering how Mortgage companies look at these types of pay to calculate mortgage offerings. Of course, I am considering that my affordability should be based on my guaranteed income in light of business changes, but as a rule of thumb, if you aren't getting any of the Sales compensation, you ain't doing your job right!
Is it simply a case of proof of income using P60s, payslips and / or bank statements as proof, or does the method in which affordability calculations vary in these sorts of situations?
Thanks!
). I generally make on or above my OTE, but just wondering how Mortgage companies look at these types of pay to calculate mortgage offerings. Of course, I am considering that my affordability should be based on my guaranteed income in light of business changes, but as a rule of thumb, if you aren't getting any of the Sales compensation, you ain't doing your job right!Is it simply a case of proof of income using P60s, payslips and / or bank statements as proof, or does the method in which affordability calculations vary in these sorts of situations?
Thanks!
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