Buying a property
The bigger picture counts
We know that for many people, income doesn’t come as a regular, monthly salary. So when we make decisions about lending, we look at your full financial picture, including assets, bonuses and profit shares to find a solution that really fits how you earn. After all, your ambitions are our goals.
Using a bonus to help buy a home
If a large part of your income comes from bonuses, you may be looking to move to a bigger home or invest in a holiday property. However,many mainstream lenders might not be able to help, since they often have fixed criteria that doesn’t take your bonus into account.
At Weatherbys, we take a more pragmatic view. Rather than just rely on credit scoring, we will look at the whole picture of your finances – including bonuses. This means we may be able to lend more, even if your salary makes up less than half your income.
Using a bonus to offset mortgage repayments
With traditional mortgages, you repay the mortgage over a set term, usually 25 years. We’re more flexible. Instead, we shape your repayment plan around your personal circumstances. For example, we can structure your repayments to coincide with your bonus payments, taking larger amounts off the mortgage at certain times rather than asking for equal instalments every month.
What you need to know
Your home may be at risk if you don’t keep up repayments on the mortgage or loan secured against it.