Published 25 February 2021 · Last reviewed 25 February 2021 · Older article — see current rates

First Time Buyer Mortgage Affordability rules deposit second jobs bonus & commission income

Mr Payam Azadi has experienced first-hand the repetition of questions from first time buyer mortgage clients and brings them together in this insightful video gem which is a must-see for anyone looking to buy a property for the first time.

As well as general topics he drills deep into the two main challenges faced by first time buyer affordability and deposit and how lenders can often view different incomes profiles such as second jobs.

They are both big subjects and he does justice in exploring them for perspective clients. Amongst the detail, he looks at the way Lenders’ treat “non-basic” income such as overtime, commission, allowances, bonuses and second jobs.

In the deposit section, he discusses gifts from relatives, friends and based in the UK and abroad.

If you are a First Time Buyer Mortgage Client and need mortgage advice look no further then Niche Advice.