Can my bonus be included in my income?

Different banks have different policies on whether or not your bonus may be included. First of all it matters whether it is solely based on personal performance or whether an element of company performance is included in the bonus. Also, it is important you have received the bonus already in the past 12 months and some times banks will look further back over the last 3 years. Our mortgage advisors also can calculate your income with alternative tools specifically designed for including your bonus and this method sometimes will allow you to borrow more.