Confused about RSUs and Bonus Payments?
Don't be...
Limitless Financial Services guide to using RSU and bonus income when applying for a mortgage
Our RSU and Bonus Guide
We help many clients who are employees of companies like Amazon and Apple find the right mortgage. More often than not, we speak to people who have encountered problems previously when applying for a mortgage either directly with their bank or via a broker. The most common of these problems is using either RSUs or bonus payments as income.
We’ve put together a helpful guide to help you understand how lenders view RSUs and bonus payments when applying for a mortgage.
Limitless is a whole of market mortgage broker who specialise in helping people maximise their borrowing potential by using their full income as opposed to their basic salary alone. We work with lenders across the UK who are now starting to get to grips with RSUs as well as all different types of bonus payment (be that regular, ‘golden handshakes’, or performance linked)
Don’t downsize your expectations, let us help make your dream home a reality.
Some of our client case studies
Executive at AWS
Residential Purchase Utilising RSU and Bonus Income
Our client had initially approached the bank he’d been using for 30+ years when looking for a mortgage to purchase a new family home. After a 2 hour interview in branch, he was told he would not be able to include the income received from 2 RSU payments or his annual bonus payments. As a result, the maximum borrowing offered to him was insufficient to complete the purchase.
After speaking to an adviser at Limitless, we were able to find a lender who accepted 100% of his bonus income and the RSU payments.
After submitting his application, a valuation was instructed and he received his mortgage offer within 11 days later.
Renowned Architect and Company Director
Second Residential Property
Our client is a company director of multi-national design studio with 70 employees. His income was structured in a way that a typical broker or high street lender could not understand (group accounts, non-UK companies within the group)
Our Client was referred to us by one of his team. He had been turned away by his own bank, despite running a globally recognised successful design studio and having an excellent credit history.
After just one call with our Principal Consultant, Melvin Parker, we were able to source 3 lenders that would take into account his all of his company’s pre-tax profit and his salary (as opposed to just his personal income alone). Our Client was delighted when presented our recommendations the same day we reviewed his accounts.
Working for Ministry of Defence in IT
Raising capital through Let to Buy
Our Client came to us after being referred by one of his colleagues at work. With a young family, he was looking to up-size, but he was also conscious that he didn’t have a large pension fund and had always dreamed of having investment property to pass on to his children.
After speaking to the team at Limitless, he was presented with an illustration that showed how he could release equity from his existing property to put down as a deposit on his new dream home, without having to sell his existing property. After doing the sums, he quickly realised the income he would make from the rental would more than offset the mortgage, and also contribute to his new home’s mortgage payments. Limitless secured offers for both the buy-to-let and new residential mortgages within a week.
Our Client was delighted with our service, in particular how we took away the hassle of obtaining mortgages so he could focus on work and his family.
Our Clients
We have a wealth of experience working with Partners, Directors and Employees of firms including:
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