How are secondments treated?

meant to ask this in my earlier question. My wife is currently on a secondment with a big pay increase. The contract is 6 months. How is this treated by the banks? Do they just go off the original contract or if you don’t tell them it is a secondment do they not ask?

Thanks.

 

In this credit climate, this will likely be taken at her return to base income. Like 'temporary' higher duties that teachers often do. If this is on the payslip and comes out that way, its usually not taken.

May be some lenders that take it though (on exception).

 

I agree with @Redom, I hope you haven't increased your living expenses in line with the additional income!

 

Nope. Still a tightwad.

 

Winning strategy if building a portfolio from serviceability perspective

And agree with others!.