First-Time Buyer Legal Associate Uses Bonus to Boost Borrowing by £175k
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Overview
Our client, a newly qualified legal associate, was buying their first home with their partner. Initially, they believed they could only borrow against their basic income, which would have limited their search significantly. However, by utilising their bonus income, they were able to transform their options.
The Challenge
The couple faced several challenges:
First-time buyers: They were unfamiliar with the complexities of income-based borrowing.
Bonus income: The associate had only received one bonus in their current role.
Conservative lender advice: Many lenders wanted two years of bonus history or wouldn’t include it at all.
Without including bonus income, their borrowing power would have been severely restricted.
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Our Solution
We used our expertise in professional mortgages to:
Identify a lender willing to use 60% of the associate’s single year bonus — rather than requiring a two-year track record.
Increase their borrowing capacity by £175k, transforming their budget and widening their choice of properties.
Guide them through the process as first-time buyers, ensuring they understood each step and felt confident in their purchase.
The Outcome
By including bonus income, the couple could borrow an additional £175k — allowing them to purchase a flat with a second bedroom and a garden. This was a significant upgrade from what they initially thought they could afford based solely on basic salary.
What We Can Do for You
If you’re a newly qualified professional or first-time buyer, don’t assume you’re limited to borrowing against your basic salary. With the right advice and lender, bonus income can make a major difference in what you can afford.
Request your fee free mortgage consultation today. No obligation, just sound advice.
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APPROVED BY THE OPENWORK PARTNERSHIP ON 12/08/2025