When I bought my last investment property, my mortgage manager was only able to assess my income on my existing salary, we couldn't take my commission portion into account until I had been at my current position 2 years or more. In that case, he was only able to assess around 2/3 of my income
I have now changed jobs, to a position with a portion of commission again, but with higher earning potential. in this case, my commission makes up 50% of my income.
As I have been in a commission-type role for over two years now, will we be able to use my total income at the new position, or will I have to work in the company for another two years before this can be used?
Can anyone suggest a lender who is able to be more lenient to this? or are there any tricks to get around it?
I have now changed jobs, to a position with a portion of commission again, but with higher earning potential. in this case, my commission makes up 50% of my income.
As I have been in a commission-type role for over two years now, will we be able to use my total income at the new position, or will I have to work in the company for another two years before this can be used?
Can anyone suggest a lender who is able to be more lenient to this? or are there any tricks to get around it?
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