Unlocking RSU Income: How a Google Product Manager doubled his borrowing power
Project Overview
Client:
Income Type:
Mortgage Amount:
Bank Used
Challenge
Our client, a Product Manager at Google, had been renting in London for seven years. When he spoke to his bank about buying a home, he was disappointed to learn he couldn’t afford the property he wanted. This was because the bank only counted his basic salary—excluding his annual bonus and RSU income.
Results
After connecting with us, he was surprised to discover there were lenders willing to consider his full compensation package, including bonus and RSUs. We worked closely with high street lenders who accepted these income sources, enabling him to borrow twice the amount his bank had initially offered.
What’s more, his mortgage payments were significantly lower than his previous rent. Within just two weeks of submitting his application, he received a formal mortgage offer and soon after, he moved into his first home.
