Specialist mortgage and protection adviser working with software engineers and foreign nationals living in the UK, including those with complex income structures, significant levels of variable income and Tier-2 visas
Can my RSU income be included on a mortgage application? This is a question I am often asked by my clients who are employed in companies where a significant part of their overall compensation is from RSUs. The answer will depend greatly on the lender, with some with quite favourable in their policy, and others unwilling to accept this at all. Typically, mortgage lenders who do accept RSU income would look for a consistent history, often over a period of two to three years, taking into consideration the vesting schedule, the stability of the income stream, and the performance of the company’s stock. There are some specialist lenders that go even further, taking a more bespoke approach, particularly with individuals working for established employers, looking at all elements of the bonus awards including cash elements, vested and even unvested stock. #mortgages #mortgageadvice #mortgagebroker
