Client Profile
Edmond, a qualified accountant with 5 years of experience, works full-time at a mid-tier accounting firm in Sydney. He earned $155,000 annually, which included base salary and regular performance bonuses.
The Challenge
His bank told Edmond that he could only borrow $540,000 – not enough to purchase in his preferred area. The bank had excluded his bonus income, despite it being a regular and documented part of his earnings over multiple years.
Our Strategy
- Used a 12-month income history to demonstrate the consistency of his bonuses and total earnings
- Built a detailed application with payslips, income statements, and a letter from his employer confirming bonus structure
- Selected a lender familiar with professional income structures who could assess his full financial picture
The Result
- Increased his borrowing capacity to $745,000 by getting 100% of his income counted
- Pre-approved within 5 business days, giving him confidence to make an offer
- Secured a competitive interest rate
Conclusion
Edmond secured the home he wanted with confidence. Our understanding of how to present complex income for accounting professionals made all the difference. When it comes to helping accountants buy property, we know how to get the deal done right.