Annual pay .

ze778 · Post by **ze778** » 04 Jul 2019, 21:26

Hello I’m thinking of getting a mortgage and would like to know the annual pay we receive .I do a few collections in the afternoons would theses be classed as annual pay since I’ve signed for them meaning maybe the bank would lend me a little more any advice be great

Gasman11 · Post by **Gasman11** » 04 Jul 2019, 21:33

Multiply your gross weekly pay on the left side of your payslip by 52.2 to give you a basic annual salary figure. I've just applied to remortgage and the lender asked me about any overtime that i do and as a representative example took the extra pay i'd received over the last 8 weeks and converted it into an annual amount.

ze778 · Post by **ze778** » 04 Jul 2019, 21:35

I give it a go thanks for reply you think they would calculate your collections into it

Celgar · Post by **Celgar** » 04 Jul 2019, 21:40

There are periodical resigns for collections so you may not have the same number to do each week in future years. In addition RM may look to move all the box collections back onto walks which save them some more money. I was quite surprised they didn't do that in the announcement for the five year plan.

Gasman11 · Post by **Gasman11** » 04 Jul 2019, 21:41

If you do collections regularly and intend to carry on doing them then i dont see why the lender shouldnt take those payments into account. Just be honest with them about what you've done previously and what your intentions are moving forward.

Nickvilla20 · Post by **Nickvilla20** » 04 Jul 2019, 21:47

Some lenders will take OT into consideration some don’t usually depends on the lender.

ze778 · Post by **ze778** » 04 Jul 2019, 22:03

You think phone HR and they would know your basic annual pay with no overtime I’m guessing is around 25k

Post by **Trail** » 04 Jul 2019, 22:26

https://www.glassdoor.co.uk/Salary/Roya ... E10911.htm" onclick="window.open(this.href);return false;

noggin1969 · Post by **noggin1969** » 05 Jul 2019, 17:21

Only my own personal opinion , but I would only go with your 52 x basic. Your mortgage offer will be smaller but least you know you can cover it without worrying about O/T and Schedules in the future.

maisymoo04 · Post by **maisymoo04** » 05 Jul 2019, 18:34

ze778 wrote:Hello I’m thinking of getting a mortgage and would like to know the annual pay we receive .I do a few collections in the afternoons would theses be classed as annual pay since I’ve signed for them meaning maybe the bank would lend me a little more any advice be great

what contract you on ?? full time ? partime ? 18 hours 25 hrs 30 hrs 38 ?

ze778 · Post by **ze778** » 05 Jul 2019, 18:58

Hello I’m on a Full time contract and Ive found out you can check annual pay on my bundle website also the SA payments can be part of your annual pay

Route1 · Post by **Route1** » 08 Jul 2019, 23:35

ze778 wrote:Hello I’m on a Full time contract and Ive found out you can check annual pay on my bundle website also the SA payments can be part of your annual pay

Basic FT contract = £24,285 (52 weeks x 38hr x £12.29 (11.62 base rate + £0.67 Delivery Supplement))
S/A or o/t means more £££