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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, comes with its own set of challenges. Fox Davidson specialises in navigating the complexities of mortgage finance, catering to the unique financial profiles of individuals, including those working at esteemed institutions like Goldman Sachs. In this article, we will explore how mortgage lenders can effectively incorporate foreign income, considering the nuances of annual bonus payments, and address the specific considerations for Goldman Sachs employees.

The Challenge

Foreign Income Considerations

Goldman Sachs employees often receive income in a foreign currency. At Fox Davidson, we acknowledge the global nature of financial careers and collaborate with lenders who appreciate the need to consider income beyond traditional pound sterling. Using current exchange rates, mortgage lenders can seamlessly convert foreign income, such as US dollars into sterling, providing a holistic perspective on the applicant’s financial position.

Documenting Foreign Income

For investment bankers, receiving bonus payments in foreign income necessitates meticulous documentation. Fox Davidson advises clients, including Goldman Sachs employees, to maintain detailed records comprising pay slips, compensation statements and relevant employment contracts. This comprehensive documentation not only supports the mortgage application but also highlights the stability and reliability of the applicant’s income. Lenders may particularly value a consistent income history when considering applications.

The Solution

Fox Davidson’s Approach to Annual Bonus Payments

Understanding the unique compensation structures of financial institutions like Goldman Sachs is crucial when evaluating mortgage affordability. Fox Davidson collaborates closely with lenders to emphasise the consistency and predictability of bonus payments, aiming to position our clients, including Goldman Sachs employees, favourably during the mortgage affordability assessment. We recognise the significance of bonus income in the overall compensation package, tailoring our approach to suit the distinctive needs of Investment Bankers. 

Currency Stability and Risk Mitigation

Given the global nature of finance, mortgage lenders, including those working with Fox Davidson, may consider the stability of foreign income sources and currencies. Demonstrating a consistent income stream in a relatively stable currency such as US dollars, can enhance the mortgage affordability profile of applicants, including those associated with esteemed financial institutions like Goldman Sachs.

Expert Guidance for Seamless Navigation

Navigating the complexities of mortgage affordability with foreign income, especially for Goldman Sachs employees, requires specialised expertise. Fox Davidson excels in providing personalised guidance, ensuring a deep understanding of the unique financial situations of individuals. Our multi-level approach, offering access to high street lenders, bespoke lenders, and private banks, allows us to explore a diverse array of options, catering to the varied needs and preferences of our clients, including those from Goldman Sachs.


For investment bankers with foreign income, especially those at firms such as Goldman Sachs, securing a mortgage demands a nuanced approach. Fox Davidson recognizes the specific challenges associated with financial careers and provides 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, including Goldman Sachs employees, can confidently pursue homeownership. Fox Davidson stands as a trusted partner, committed to unlocking opportunities and turning homeownership aspirations into reality for individuals with diverse and dynamic financial portfolios.

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