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Expert Mortgage Advice For Recruitment Specialists
Welcome to Mortgages For Recruiters, we offer expert mortgage advice with no fees, specialising in helping recruitment employees and recruitment business owners.
Recruitment professionals
Why Use A Mortgage Advisor?
Lender Criteria
Each lender has specific criteria for commission income, so it's crucial to get your mortgage application right the first time. Otherwise, you risk losing the property offer.
Commission Income
Most lenders consider only 50-75% of your commission income when assessing your loan size. This may result in needing to buy a lower-priced property.
Rising house prices
In a market of rising property prices, it's crucial to find a lender that will consider 100% of your commission incomes so you can buy the property you really want.
Mortgage affordability
In recent years, lenders have tightened their affordability tests. Choosing a lender that considers 100% of your commission income will ensure a fair assessment of your affordability.
Let's maximise your income
Getting a mortgage as a recruitment employee
can be challenging due to fluctuating commission income, which makes it hard for lenders to determine how much they can lend. Additionally, lenders have varying views on commission income, leading to significant differences in loan options and interest rates.
For this reason, using a mortgage broker is invaluable. They will ensure that a lender uses 100% of your commission income so that a lender feels comfortable providing you with the mortgage you need.
Mortgage Loan Calculator
Use our mortgage affordability calculator to estimate how much you could borrow based on your salary & Commission
Recruitment Business owner?
As a self-employed director of a limited company, some mortgage lenders may not fully understand your income and might tell you that a mortgage is out of reach—even if that's not the case. Some brokers may be hesitant to offer mortgages to limited company directors due to concerns about the stability of your future earnings.
Furthermore, lenders vary in how they calculate self-employed earnings. Most use an average of your salary and dividends from the past two years. However, some lenders consider your salary plus your business's gross or net profit without averaging the last two years. If your company's profits have significantly increased recently, you may qualify for a higher loan amount.