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Finance Category: Residential Mortgage

The Story

Securing a mortgage as an investment banker with foreign income, denominated in currencies such as US dollars and Euros, presents a unique set of challenges. At Fox Davidson, we specialise in navigating the intricacies of mortgage finance, empowering clients with diverse income sources to realise their homeownership dreams. In this article, we will explore how mortgage lenders can effectively incorporate foreign income and address the nuances of annual bonus payments in the assessment of mortgage affordability.

The Challenge

Foreign Income Considerations

Many professionals, including investment bankers, receive income in foreign currencies. Fox Davidson understands that the global nature of financial careers often results in income streams beyond the traditional pound sterling. To accommodate this reality, mortgage lenders can utilise current exchange rates to convert foreign income into local currency, providing a comprehensive picture of an applicant’s financial position.

Documenting Foreign Income

For investment bankers with bonus payments in foreign income, proper documentation is key. Fox Davidson advises clients to maintain detailed records of income sources, including pay slips, compensation statements, tax returns, and any relevant employment contracts. This documentation not only supports the mortgage application but also demonstrates the stability and reliability of the applicant’s income.  Lenders may want to look back over 2 or 3 years to establish a reliable baseline.

The Solution

Fox Davidson’s Approach to Annual Bonus Payments

Understanding the variations in how lenders treat annual bonuses is crucial for investment bankers. Fox Davidson works closely with lenders to highlight the consistency and predictability of bonus payments. By showcasing a stable bonus history, we aim to position our clients favourably during the mortgage affordability assessment.

Currency Stability and Risk Mitigation

Given the volatility of global currency markets, mortgage lenders may consider the stability of the investment banker’s foreign income source and currency. Demonstrating a consistent income stream can enhance an applicant’s mortgage affordability profile as can being paid in a relatively stable currency such as the US dollar or Euros.

Expert Guidance for Seamless Navigation

Navigating the intricacies of mortgage affordability with foreign income requires expertise. Fox Davidson specialise in providing personalised guidance to investment bankers, ensuring a thorough understanding of their financial situation. By leveraging our extensive experience, we empower clients to present a compelling case to lenders, ultimately increasing the likelihood of mortgage approval.  Fox Davidson distinguishes itself by providing access to both high street lenders and more specialist bespoke lenders and Private Banks. This multi-level approach allows us to explore a wide array of options, catering to the diverse needs and preferences of our clients.


For investment bankers with foreign income, securing a mortgage requires a nuanced approach. At Fox Davidson, we recognise the unique challenges associated with global financial careers and provide tailored solutions to navigate them successfully. By addressing the considerations related to foreign income, including the treatment of annual bonus payments and currency risk, we ensure that our clients can confidently pursue homeownership. Fox Davidson stands as a trusted partner, committed to unlocking opportunities and turning homeownership aspirations into reality for investment bankers with diverse and dynamic financial portfolios.

To discuss mortgages for investment bankers with one of our advisors please do get in touch.