Mortgage applications that are based on a multiple of an individual's salary will take into account their salary after salary sacrifice has been implemented. This is also the figure that will be shown on an employee's P60. Some mortgage lenders require this information to decide whether to approve a loan or how much to lend.
If a mortgage lender decides to assess someone on affordability, their net pay will be considered. Employees should seek guidance on how their chosen mortgage lender calculates entitlement before making an application.
Some employees may choose to opt-out of a salary sacrifice arrangement when applying for a mortgage. They can opt back into the scheme once their application has been successful.