Mortgage with Commission Income

Roughly what mortgage can I get on a £40K salary where my OTE is £100K?

It’s difficult to confirm exact figures as lenders change their affordability calculators often. It’s also important to say that your personal circumstances could be different from this example.

But as a general rule, your basic salary of £40,000 would be taken at 100%. Regarding the commission, provided you can prove the income, a lender is likely to take 50% of that.

For this example, if the commission was £60,000, a lender will use £30,000 of that, meaning they take your overall income as £70,000. Most lenders will offer you a mortgage of around 4.5 times that income as standard, which in this example would be £315,000.

Some lenders might offer a higher income multiple than that, allowing you to borrow more.

But note that the £315,000 there is a starting point. If you have any dependents or high credit commitments, that figure is likely to reduce. It’s all about your personal circumstances, and those figures can change.

What are the income multiples for a mortgage? Can I get a mortgage worth six or seven times my salary?

Income multiples differ with each lender, but most will start at 4.5 times your income. Some lenders enhance this multiple if you earn more money annually, or if you work in a professional role.

Certain lenders also enhance multiples for first-time buyers on specific products, so there are opportunities to get more than 4.5 times income. You can potentially get to six times your salary, but that’s more of an outlier.

Most borrowers gain between 4.5 to 5.5 times income, although it depends on your situation. You mentioned six to seven, but not a lot of lenders will offer that at the moment. Those that do will either want a high level of income, a high deposit, or for you to work in a certain profession.

You’re definitely not going to see that with a 5% deposit – even with 10% it’s very unlikely. Without a full assessment of your personal circumstances, it’s difficult to confirm exactly what you can qualify for. [Information correct at the time of recording in December 2025]

How can a mortgage broker help here? Anything else to add?

When you’re working with complex incomes such as commission or bonuses, the amount you can borrow will wildly change from lender to lender. Speaking to a mortgage adviser can save you a lot of time – you can very quickly find out the right option for you and how much you could potentially borrow.

We can also talk you through how the consistency of the income works. Then, when you’re looking for that mortgage as a first-time buyer, home mover or you’re remortgaging, you’re in the right position. We can get you that mortgage in the simplest and easiest way.

Key Takeaways:

• Commission income is typically accepted by lenders but often requires a proven history of consistency (at least 12 months), and most lenders will only factor in 50% of this income into their affordability calculation.
• Other variable incomes like overtime and bonuses can also be used, with most lenders taking 100% of regular and consistent overtime, while annual bonuses often require two consecutive years of history.
• Dividends are classed differently from commission and usually require proof such as tax returns, but can still be used towards a mortgage.
• The standard income multiple for a mortgage generally starts at 4.5 times your total income, with a potential to reach 5.5 or even 6 times in certain professional or high-income scenarios.
• Consulting a mortgage adviser is highly recommended to help you quickly find the right lender and maximum borrowing amount, especially when dealing with complex income structures like commission or bonuses.
  
  

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.