Complex Income Mortgages
Specialist UK residential mortgage advice for borrowers with bonus, RSU, carried interest, dividend, deferred compensation, foreign currency or partnership income. From £250,000+.
A complex income mortgage is a UK residential mortgage where the borrower’s income comes from more than salary alone: PAYE plus bonus, RSU vesting, carried interest, limited company salary plus dividend plus retained profit, deferred compensation, foreign currency earnings, partnership share, day-rate contract, or commission. The single biggest borrowing difference across the UK lender market in 2026 is how each lender treats these income components. The same gross income can produce a borrowing figure £200,000 to £2,000,000 wider at one lender than another.
Fox Davidson arranges complex-income mortgages from £250,000+ across England, Scotland and Wales. Senior broker on the first call, with full market access across high street lenders with complex-income desks, building society manual underwrite, specialist residential lenders and HNW private banks under the FCA high net worth definition. We map your income components to the lender that reads them properly before you offer.
Complex income mortgages in 2026
A complex income mortgage is a UK residential mortgage for a borrower whose income comes from more than salary alone. The income mix typically includes bonus, RSU vesting, carried interest, limited company salary plus dividend plus retained profit, deferred compensation, foreign currency earnings, partnership share, day-rate contract, or commission. Each component is read differently by each lender. The same total gross income can support borrowing of £600,000 at one lender and £1,800,000 at another, on identical accounts and identical credit. The lender selection delivers the borrowing figure.
Fox Davidson arranges complex-income mortgages from £250,000+ across England, Scotland and Wales. We work with the full residential lender market: high street clearing banks with complex-income desks, building society manual-underwrite desks, specialist residential lenders, and HNW private banks under the FCA high net worth definition.
What we find across the cases we arrange is that the borrower has almost always been told "no" or "less than you want" by their existing bank. The high street is a poor judge of complex income. Bonus is half-counted, RSU is ignored, retained profit is invisible, carry is treated as self-employed and discounted, and foreign currency takes a 25 to 30 percent haircut before it even hits the affordability calculator. Most of those lender rules are conservative defaults rather than risk-based assessments. We find the lender that does not apply them.
Common complex income categories
Six income categories cover the great majority of complex-income mortgage cases we arrange. Most clients sit in one primary category with a smaller secondary stream. The lender that reads the primary stream correctly is the lender we route to. The secondary stream sometimes lifts the borrowing figure further; sometimes it is left to one side because adding it complicates the case more than it helps.
PAYE base salary plus bonus
Magic Circle law, City banking, top-tier consultancy, senior in-house finance. Bonus can be 50 to 200 percent of base. Lender assessment ranges from 50 percent averaged over two years to 100 percent on specialist desks where bonus is regular and demonstrable.
RSU vesting income
US-listed tech (Google, Meta, Microsoft, Amazon, Apple), large banks, biotech. RSUs vest over three or four years. Treatment ranges from 0 percent at most of the high street to 60 percent at Halifax with a two-year vest history to 100 percent at private banks.
Carried interest
Private equity partners, hedge fund managers, venture capital partners, infrastructure fund principals. Carry appears on the SA302 as self-employed income. High street declines as too lumpy. Specialist desks take 60 to 80 percent averaged. Private banks take 100 percent on track record.
Limited company director income
Owner-director of a one-person or family limited company. Salary plus dividend at the high street caps borrowing at the personal-income line. Specialist lenders include retained net profit before tax, often doubling the assessed figure. See our self-employed mortgages page for the full retained profit conversation.
Foreign currency income
USD, EUR, AED, CHF, SGD, HKD earners. Salary paid in foreign currency from an overseas employer or a UK employer's foreign office. Standard treatment is a 25 to 30 percent haircut on the GBP-equivalent income to allow for FX risk. Private banks under the FCA high net worth definition do not apply the haircut.
Deferred compensation
Long-term incentive plans, deferred bonus, deferred share awards, equity vesting beyond three years. Common in banking, asset management, biotech leadership. Most of the high street ignores deferred income. Specialist desks and private banks take a multi-year averaged view.
How UK lenders treat each complex income component
Which lender you approach changes the answer more than anything else in the process. We publish what each lender states in its own criteria, including the number of working weeks used to annualise a day rate, whether share of net profit is accepted, and how much of a discretionary bonus is counted, in our UK mortgage lender criteria comparison.
Each income component is governed by a different lender rule. Knowing which rule applies and which lenders apply it is the difference between a £700,000 offer and a £2,200,000 offer on the same case. The component-by-component picture, in 2026.
- Bonus. The standard high street treatment is 50 percent of the lower of the last two years' bonus figures, averaged. Specialist desks (Halifax bonus desk, Santander, NatWest Wealth, Lloyds) take 60 to 100 percent on a regular, demonstrable two-year track record. Magic Circle and banking clients with consistent bonuses typically place at 100 percent at the right lender. The shift from 50 percent to 100 percent on a £200,000 bonus is £100,000 of additional assessed income, which at 4.5x is £450,000 of additional borrowing.
- RSU vesting. The full range. Most of the high street counts zero. Halifax with a two-year vest history takes 60 percent. NatWest and Lloyds take partial RSU on stronger covenants. Private banks under the FCA high net worth definition take 100 percent of demonstrable vesting income. For a senior engineer at a US-listed tech firm with £150,000 base plus £200,000 of annual RSU vesting, the difference between 0 percent and 100 percent treatment is £200,000 of assessed income, often £900,000 to £1,200,000 of borrowing.
- Carried interest. Carry is structurally lumpy and appears as self-employed income on the SA302. Standard high street usually declines or assesses at zero. Specialist desks take 60 to 80 percent averaged over the carry track record (usually three years minimum). Private banks under the FCA high net worth definition do whole-of-wealth assessment and take carry at 100 percent against the demonstrated track record plus the live carry pool.
- Limited company dividend. High street takes salary plus dividends drawn in the tax year. Specialist lenders (Clydesdale, Saffron Building Society, Cambridge Building Society, Nationwide on case-by-case underwrite) take salary plus dividends plus retained net profit before tax. This is the largest single mechanical lever in self-employed lending. Full treatment on our self-employed mortgages page.
- Foreign currency. Salary paid in USD, EUR, AED or another non-GBP currency takes a typical 25 to 30 percent haircut on the GBP-equivalent income to allow for FX volatility. HSBC Premier and Santander International apply the discount. Private banks under the FCA high net worth definition do not apply the haircut for HNW borrowers earning above £300,000 GBP-equivalent.
- Deferred compensation. Multi-year averaging is the typical treatment at specialist desks. Most of the high street ignores deferred income. The case-by-case nature of deferred comp (vesting schedules, clawback risk, performance conditions) means each lender writes its own policy. Coutts, Investec and Barclays Private Bank are the most flexible.
- Partnership share. Assessed on the partnership accounts and the partner's drawn share per SA302. Two years typically required across the high street. Specialist lenders may accept one year. Used by law firm partners, GP partners, accountancy firm partners and asset management LLP partners. Capital account positions and equity buy-ins factor in.
- Commission. Estate agency, recruitment, wealth advice commission income. Three-year average typical at the high street. Specialist desks take a two-year average. Trend matters: a rising three-year line is read more generously than a flat one.
What we have seen across the last twelve months is that AI tools, US tech equity refresh grants and the wider rotation into RSU-led packages have pushed the typical complex-income case further away from the high street's comfort zone. The income is higher than it was. The structure is more equity-led. The high street has not moved with it. The specialist desks and the private banks have.
The FCA high net worth rules private bank route for HNW complex income
For borrowers earning above £300,000 GBP-equivalent or holding net assets above £3 million (lenders read the test literally and count main residence equity towards it), the FCA high net worth mortgage customer exemption unlocks a different lending channel. Private banks lend on whole-of-wealth, not on a high street affordability scorecard. Carried interest, offshore trust income, deferred compensation, foreign currency and RSU vesting all read at face value.
The mechanics of the private bank route on a complex-income case.
- Whole-of-wealth assessment. The lender looks at total income, total assets, total liabilities, liquidity, and the structure of the wealth (employed equity, vested RSU, restricted shares, private investments, real estate equity, offshore positions). Income multiples are not formally applied.
- AUM relationship. Private banks typically expect an AUM relationship in proportion to the loan size. Coutts and Weatherbys often look for 25 to 35 percent of the loan amount as deployed AUM. Investec is more flexible on the AUM expectation. Hampden & Co lends without a mandatory AUM tie at sub-65 percent LTV.
- Rate. From BoE base + 1.5 percent (= 5.25 percent at the current 3.75 percent base rate) on relationship-discounted facilities. Higher on standalone loans. Lower again on Lombard structures secured against deployed assets.
- Loan sizes. £1 million minimum at most UK private banks. £500,000 minimum at Hampden & Co. International private banks (UBS Wealth, JP Morgan Private Bank, Citi Private Bank) typically start at £2 million.
- Interest-only. Routinely available at the private banks on the right asset cover, including 100 percent interest-only over the term where appropriate.
- the FCA high net worth definition. The borrower must sign a declaration confirming HNW status, knowingly waive the standard MCOB affordability protections, and meet the FCA income or net asset test. The exemption is a real piece of FCA regulation, not a marketing label.
The borrowing differential between a high-street complex-income assessment and a private bank the FCA high net worth rules assessment on the same underlying income is typically £500,000 to £2,000,000. Not always. On some cases the high-street numbers work and the private bank route adds cost without uplift. The early conversation is where we work out which side of that line your case sits.
Complex income lenders by tier
Four tiers of lender sit across the active UK complex-income mortgage market. Each tier reads complex income differently. The right tier depends on the income components, the borrowing target, the LTV and (for HNW cases) whether the FCA high net worth rules test is met.
- High street with complex-income desk. Halifax (RSU 60 percent take-up after two-year vest, bonus 50 to 100 percent averaging), NatWest specialist (carried interest, deferred comp), Nationwide (bonus and dividend treatment), Barclays Wealth-prep relationships, HSBC Premier, Lloyds (bonus and share scheme). 4.5x to 5.5x income multiples. Sub-75 percent LTV typical.
- Building society manual underwrite. Skipton, Coventry, Suffolk, Furness, Cumberland and Cambridge Building Society. Underwriter-led assessment rather than a credit-scorecard. Retained profit considered. Bonus and dividend often taken more generously than the high street. 5.0x to 5.5x typical.
- Specialist residential. Saffron (retained profit plus dividend), Clydesdale, Buckinghamshire, Vida and Kensington. Latest-year-only assessment available. One-year accounts accepted. Carry and deferred comp considered case-by-case. 5.0x to 6.0x. Rates 30 to 80 basis points above prime high street.
- HNW private banks under the FCA high net worth definition. Coutts, Weatherbys, Investec, Barclays Private Bank, Arbuthnot Latham and Hampden & Co. Whole-of-wealth assessment. RSU, carry, foreign currency and offshore trust income read at face value. AUM relationship typical. 6x and above on the right covenant.
Indicative 5-year fixed rates for complex-income residential mortgages in 2026:
- HNW private bank (the FCA high net worth rules, AUM relationship, sub-60 percent LTV): 5.25% to 6.00%
- Prime high street with complex-income desk (60-75 percent LTV): 4.85% to 5.65%
- Specialist complex income (75-85 percent LTV): 5.35% to 6.25%
- Mainstream specialist (recent role change, foreign income, recent self-employment): 5.65% to 6.85%
Rates and lender criteria are subject to change. Figures correct at time of publication. Always speak to your broker for up-to-date rates and lending criteria on your specific case.
Magic Circle partner, Cobham, £2.8m purchase
A representative case from earlier this year, anonymised. James, 36, equity partner at a Magic Circle law firm, based in Surrey. Compensation: £180,000 base salary plus £420,000 bonus (averaged across three years, regular and demonstrable) plus £160,000 of carried interest vesting over four years from his 2024 promotion. Total declared income £760,000. Clean credit, no committed expenditure beyond household bills.
Target purchase: £2.8 million onward family home in Cobham, Surrey. Existing £1.4 million main residence with £350,000 current mortgage, set to sell on completion of the onward purchase. Cash deposit on the new purchase £350,000 plus £1.05 million from the sale of the existing home, leaving a loan requirement of £2.45 million across whichever lender takes the case (a 14-month onward bridge or chain-of-completion strategy was modelled in parallel).
High-street assessment, large clearing bank, prime mortgage desk: £180,000 base plus 50 percent of £420,000 bonus = £390,000 assessed income. Carried interest declined at the indicative stage as too lumpy and only 18 months of track record. Applied at 4.5x = £1,755,000 maximum borrowing. The case was £695,000 SHORT of the £2.45 million required.
Specialist private bank assessment, Coutts, under the FCA high net worth definition: whole-of-wealth assessment. Base salary, bonus track record at 100 percent, carried interest at 100 percent against the demonstrated track and a relationship deposit of 25 percent of the loan amount as deployed AUM. Approved at £2,450,000 on a 5-year fix at 5.50 percent on an interest-only basis over a 20-year term with 100 percent rollover anticipated.
Sarah's note: the difference was not about the borrower's risk. James is a Magic Circle equity partner with deep, predictable, growing income. The difference was about which lender's affordability rules were written for someone like him. The high street's rules were written for a base-salary employee with a predictable annual bonus and no carry. The private bank's rules were written for the partnership track. The lender selection delivered the £2.45 million loan. The accounts did not change.
When complex income needs specialist routing
The cases that place at high street with no friction. A clean PAYE base salary plus a regular two-year bonus history at one of the bonus-friendly clearing banks. Lower LTV (sub-65 percent). Borrowing target inside 4.5x of base plus 50 percent of bonus. Clean credit. Most cases in this profile do not need a specialist broker; they need the right clearing bank, picked once.
The cases that need a specialist lender. RSU as a meaningful share of total compensation. Carried interest. Limited company directors retaining profit. Foreign currency salary. Deferred compensation. Recent role change with bonus history that does not pre-date the move. Borrowing target above 4.5x of base income. Higher LTV against complex income.
Most complex-income borrowers we speak to have been told "no" by their existing bank and assumed the whole market would agree. The market is wider than that. We work through it lender-by-lender. The decline at high street usually means a different lender takes the case at a much higher figure.
One operational note. Have your employer or HR produce a compensation summary showing base, prior two years of bonus, vested and unvested RSU schedule, and any deferred comp vesting calendar, before you go to a broker. Most of our cases stall midway through underwriting because the borrower has to chase HR for the schedule we asked for at the indicative stage. A clear two-page comp summary in advance saves a week of back-and-forth, and on a tight chain it can save the case.
In our experience, the cases we find hardest to place are not the big numbers or the complex structures. The cases we find hardest are recent role moves where the new compensation looks impressive but lacks the two-year track record that lenders demand. Those cases need the longest lender shortlisting work and the most creative income basis. Sometimes the right answer is to wait a year and place the case on a full track record at a better rate.
Run the SDLT on your specific purchase
UK stamp duty is paid by all property buyers, employed and complex-income borrowers alike. The amount depends on the purchase price, your buyer status (first-time buyer, additional dwelling, non-UK resident, corporate), and where in the UK the property sits (SDLT in England and Northern Ireland, LBTT in Scotland, LTT in Wales). The Fox Davidson calculator runs all three regimes on your specific price.
How Fox Davidson arranges your complex-income mortgage
Complex-income cases live or die on the early conversation about which lender will read your compensation correctly. Once that lender is identified, the rest of the case runs the same way as any other prime residential application.
Step 1: Case scoping and income map
We walk through the income mix. Base salary, bonus history, RSU vesting schedule, carry track record, deferred comp, foreign currency exposure, dividend drawdown, retained profit. The output is a single-page compensation map showing each component, how each lender tier reads it, and which lender or lender-tier fits your target borrowing figure. We tell you on the first call whether the case is a high-street complex-income desk case, a specialist case, or a private bank case.
Step 2: Desktop lender shortlist
We shortlist the three to five lenders with the best fit on your income mix. Criteria: maximum borrowing they will offer on the right income basis, rate competitiveness, treatment of any complicating factors (recent role move, lumpy carry, foreign currency exposure). For HNW cases we run the private bank route in parallel with a specialist high-street route, so the borrower has a choice at the indicative stage.
Step 3: Indicative terms and valuation
We secure indicative terms from the chosen lender. RICS valuation instructed on the security property. Indicative terms typically arrive within five to ten working days for a clean complex-income case. Where the lender wants additional employer or HR evidence (RSU vesting schedule, deferred comp calendar, carry track record), we secure it at this stage so the application package is complete before formal submission.
Step 4: Underwriting and accountant or HR liaison
We present the income evidence in the format the underwriting team expects: payslips, P60s, two-year bonus history, RSU vesting schedule, employer compensation letter, SA302s where the income includes carry or self-employed elements, accountant's pro forma where retained profit is in play. We stay on the case through underwriting to formal mortgage offer, fielding underwriter follow-up questions in real time.
Step 5: Completion
On completion the lender releases funds, SDLT is paid through the conveyancer, and the property completes. We stay in touch for the rate roll-off conversation 18 to 24 months ahead of fix expiry, and for any subsequent restructuring conversation if your compensation structure changes (promotion, role move, equity refresh).
Speak to a specialist about your complex-income mortgage
If you are buying a residential property from £250,000+ and your income mix includes bonus, RSU, carried interest, dividend, deferred compensation, foreign currency or partnership share, we will tell you which lenders read your compensation correctly and what borrowing figure your case actually supports.
Frequently Asked Questions
What counts as complex income on a UK mortgage?
Complex income covers any UK mortgage applicant whose income comes from more than base salary alone. The most common components are bonus, RSU vesting, carried interest, limited company salary plus dividend plus retained profit, deferred compensation, foreign currency earnings, partnership share, day-rate contract and commission. Each component is read differently by each lender. The same total income can support borrowing of £700,000 at one lender and £2,200,000 at another, on identical accounts and identical credit. A specialist broker matches the income mix to the lender that reads each component properly.
How do lenders assess bonus income?
The standard high street default is 50 percent of the lower of the last two annual bonus figures, averaged. Specialist desks (Halifax bonus desk, Santander, NatWest Wealth, Lloyds) take 60 to 100 percent on a regular, demonstrable two-year track record. Magic Circle and banking clients with consistent bonuses typically place at 100 percent at the right lender. On a £200,000 bonus, the shift from 50 percent to 100 percent treatment is £100,000 of additional assessed income, which at 4.5x is £450,000 of additional borrowing. Bonus is the most lender-sensitive complex-income component on the high street.
Can I include RSU vesting income on a mortgage application?
Yes, at the right lender. Most of the high street counts RSU at zero. Halifax takes 60 percent of demonstrated annual vesting after a two-year vest history. NatWest and Lloyds take partial RSU on stronger covenants. Private banks under the FCA high net worth definition take 100 percent of demonstrable vesting income for HNW borrowers. For a senior engineer at a US-listed tech firm with £150,000 base plus £200,000 of annual RSU vesting, the difference between zero treatment and 100 percent treatment is £200,000 of assessed income, often £900,000 to £1,200,000 of additional borrowing. Documentary evidence required: two-year vest history, current vesting schedule, share price evidence, employer compensation letter.
How is carried interest treated for mortgage affordability?
Carried interest is treated as self-employed income on the SA302 in most UK structures. Standard high street usually declines carry as too lumpy, or assesses it at zero. Specialist desks take 60 to 80 percent of carry averaged over the carry track record, typically three years minimum. Private banks under the FCA high net worth definition do whole-of-wealth assessment and take carry at 100 percent against the demonstrated track plus the live carry pool. Used by private equity partners, hedge fund managers, venture capital partners and infrastructure fund principals. The right lender depends on the track record length, the carry vehicle structure (UK LLP, Cayman, Delaware), and whether the borrower meets the FCA high net worth rules HNW test.
Will a high-street lender accept foreign currency income?
Yes, with a haircut. Salary paid in USD, EUR, AED, CHF, SGD or HKD typically takes a 25 to 30 percent discount on the GBP-equivalent income to allow for FX volatility. HSBC Premier and Santander International accept foreign currency salary at the discount. Specialist lenders apply a similar haircut on case-by-case underwrite. Private banks under the FCA high net worth definition do not apply the haircut for HNW borrowers earning above £300,000 GBP-equivalent. Documentary evidence required: three months of overseas payslips, employer letter, GBP-equivalent conversion at a published rate, evidence of UK residency status.
What is the FCA high net worth rules and how does it help complex-income borrowers?
the FCA high net worth rules is the FCA's High Net Worth Mortgage Customer regime. It applies to borrowers whose annual income is above £300,000 or whose net assets exceed £3 million, with the FCA's standard reading of the net asset test. Under the FCA high net worth rules, a private bank can lend on whole-of-wealth assessment, taking carried interest, RSU vesting, deferred compensation, foreign currency income and offshore trust income at face value, without the conservative haircuts that govern the high street. The borrower signs a declaration confirming HNW status and knowingly waives the standard MCOB affordability protections. The exemption is a real piece of FCA regulation. It is the route most HNW complex-income cases take.
Can I borrow against deferred compensation?
Yes, at specialist desks and private banks. Most of the high street ignores deferred income because the vesting is contingent and clawback rules vary by employer. Specialist desks take a multi-year averaged view of deferred vesting on a case-by-case basis. Private banks under the FCA high net worth definition (Coutts, Investec, Barclays Private Bank) take deferred comp at face value against the vesting calendar and the employer covenant. Common in senior banking, asset management leadership and biotech executive packages. Documentary evidence required: employer plan documents, vesting schedule, prior-year vested figures showing the plan has actually paid out, current grant valuation.
How many years of bonus history do lenders typically need?
Two years is the standard requirement across the high street and specialist desks. Some private banks under the FCA high net worth definition will take one year of bonus history plus an employer compensation letter committing to the forward bonus expectation, where the borrower's track record at a prior employer supports the case. Three years of bonus history is the safest position for the best rates and broadest lender choice. A recent role move that breaks the two-year history at a single employer is one of the most common complications we work around: the case sometimes places on the back of a continuous role function rather than a continuous employer.
Are private bank mortgage rates higher or lower than high street?
Usually slightly higher on a like-for-like comparison, but the comparison rarely is like-for-like. Private bank rates for HNW the FCA high net worth rules borrowers in 2026 run from BoE base + 1.5 percent (= 5.25 percent at the current 3.75 percent base rate) up to around 6.00 percent on a 5-year fix. Prime high street rates for the same borrower at 65 percent LTV typically run 4.85 to 5.35 percent. The private bank premium is 50 to 100 basis points. What the private bank delivers in exchange is a larger loan against the same income, often £500,000 to £2,000,000 larger, plus a relationship and interest-only structures unavailable on the high street. The rate is a small price for the borrowing uplift on the right case.
Can I get a complex-income mortgage with less than 2 years in role?
Sometimes. The case has to be packaged around what is provable rather than what is recent. A senior banker promoted internally six months ago typically places on the back of three years at the prior level plus the new compensation letter. A US tech engineer who moved to a UK office twelve months ago can place on the back of the equivalent role at the prior employer plus the current vesting schedule. A first-time bonus year with no prior history at all is the hardest case to place at full assessed bonus value; the case is usually packaged at base salary alone and reviewed at the rate roll-off when the two-year history exists. Specialist desks are more flexible than the high street on this point. Private banks under the FCA high net worth definition are more flexible again.
What income multiple can a complex-income borrower achieve?
4.5x of total assessed income is the standard high street base. 5.0x to 5.5x is available at the high street specialist desks for borrowers above defined income thresholds (Halifax 5.5x at £75,000+, NatWest 5.5x at £100,000+, Santander 5.5x on professional schemes). Specialist residential lenders and building society manual underwrite go to 5.5x to 6.0x. Private banks under the FCA high net worth definition do not formally apply income multiples; the assessment is whole-of-wealth and the implied multiple on a strong case routinely sits at 6x to 8x. The right multiple depends on which lender will take the full income mix and which lender will only take part of it.
Does Fox Davidson work with complex-income clients outside Bristol?
Yes. Fox Davidson is based in Bristol but advises complex-income borrowers across England, Scotland and Wales. The work is done by phone, email and video call. Clients in London, the Home Counties, the Cotswolds, Bath, Surrey, Hertfordshire, the Midlands, the North, Edinburgh and Cardiff are routine. Magic Circle and City banking clients in London and Surrey are a particularly large share of the complex-income book. The lender selection and underwriter relationships are national, not regional. We arrange complex-income mortgages from £250,000+ regardless of where in the UK the property sits.
Why a specialist broker matters on complex income
Most complex-income cases sit at the harder end of the high street's normal day. The scorecard reads the base salary, half-counts the bonus, ignores the RSU, declines the carry, and produces a borrowing figure that looks small against the actual household income. The case usually places elsewhere at a much higher figure.
What we find with complex-income cases is that the lender that wins is the one that reads each compensation component correctly. A change in how the underwriter treats bonus averaging, RSU vesting or carry track record can shift maximum borrowing by £400,000 to £1,500,000 on the same household income. The criteria sit in the lender's underwriting policy, not on the rate sheet.
In the cases we arrange, we routinely run the same set of payslips and vesting schedules past four or five lenders before submitting. The output spread on a senior tech case (base plus RSU) or a banking case (base plus bonus plus deferred) is rarely small. On a recent case with £150,000 base, £200,000 RSU and £80,000 deferred comp, the spread from the tightest assessment to the most generous was £1.1 million of usable borrowing. Same compensation, same week. The lender selection delivered the result.
The cases we find easiest to place are clean PAYE-plus-bonus profiles with two solid years of bonus history at one bonus-friendly clearing bank. The cases we work hardest on are recent role moves, US tech with heavy RSU concentration, and HNW cases where the private bank conversation runs in parallel with an AUM relationship discussion. We do all of them.
Indicative rates and lending metrics. Rates and lender criteria change frequently and vary by scheme type, location and borrower profile. Speak to us for figures specific to your case.