Restricted Stock Unit (RSU) Income mortgages

If you receive restricted stock units as part of your employment compensation package, you may be wondering if they can be used to secure a mortgage

The good news is they can – the bad news is not all lenders accept them.

Try our online mortgage calculator tool to find out how much you could borrow - it only takes five minutes!

RSU income mortgages

Why choose us

As a specialist RSU Income mortgage broker, Cleerly has the experience and expertise to help you turn your RSU income into homeownership. Fill in our online form to request a call back or speak to a member of the team today on 02394 212912.

Introduction

What are restricted stock units?

Restricted Stock Units (RSUs) are a non-cash form of renumeration granted to employees by their employers. RSUs are different from stock options in that employees are not required to pay for the shares and the shares aren't vested instantly. Rather, these shares are subject to restrictions and vest over time, or upon hitting specific performance objectives. This is known as the vesting schedule.

What to consider

Do RSUs count as income for mortgages?

RSUs can count as income for mortgages, but this is still fairly uncommon in the UK. The few lenders who do accept RSUs will have their own set criteria and valuation methods. Some of the factors that lenders may look at when evaluating your RSU income are: 

  • The vesting schedule and history of your RSU income (ideally at least two years’ worth) 
  • Your personal credit history and score 
  • The percentage of your total income that comes from RSUs 
  • The amount of cash reserves you have after vesting 
  • The current macro environment 

RSU income may help you qualify for a higher mortgage amount and lower your debt-to-income ratio, which are key factors that lenders consider when assessing your affordability. However, you may need to provide additional documentation and evidence to support your application, such as: 

  • Employment Contract 
  • Payslips 
  • P60 
  • Details of your RSU income 
  • Vesting Schedule 

What to consider

Do mortgage lenders consider RSUs?

Some mortgage lenders will consider RSUs for mortgage eligibility, but not all of them. This is why it is essential to enlist the services of a mortgage broker who specialises in RSU income mortgages and can access a wide range of lenders who accept RSU income. 

Why choose Cleerly as your RSU Income mortgage broker?

If you are looking for an RSU income mortgage broker who understands how RSUs, vested stock and bonuses can be used to secure a mortgage, look no further than Cleerly.

With over fifteen years’ experience and expertise, our dedicated team of RSU mortgage consultants know how to present your mortgage or remortgage application to lenders with the highest chance of approval, utilising the income from your vested stock and allocated RSUs to secure the best deals on the market. We’ll take care of the paperwork while you can have peace of mind that your application is in the best possible hands.

Ready to get started?

Whether you’re looking to get the ball rolling on a mortgage application or you’re just after some friendly advice, don’t hesitate to get in touch with us.

To find out more about your RSU income mortgage options, simply call us on 02394 212912 or request a call back.

Trusted lenders we work with

Scottish Widow
The Mortgage Works
Metro Bank
Nationwide Contractor and Self-Employed Mortgages
HSBC
Virgin Money
Halifax Contractor and Self-Employed Mortgages
Birmingham Midshires
NatWest Contractor and Self-Employed Mortgages
Barclays Contractor and Self-Employed Mortgages
Skipton Contractor and Self-Employed Mortgages
Accord
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In order to finance a move, we intended to port our mortgage and extend the borrowing, but our existing lender through in so many curveballs that is was impossible to stay with them. Matthew worked tirelessly to find us a second option which we then secured. I can't imagine what would have happened without his help and support throughout.
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Andrew is very knowledgeable, prompt and very professional. Courteous, sharp and inventive, Andrew got my mortgage sorted twice in times when it was quite difficult to arrange one. The main thing though is Andrew is very confident and reliable and always delivered on his promises.
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Highly recommend to other contractors! After running into challenges with high street mortgage lenders on a somewhat standard remortgage, I sought help from PCM and Mark McBurney. Mark successfully secured us a high street remortgage product at a competitive rate. Very grateful for Marks work and the overall service provided by PCM.
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I would recommend Will, from the first initial introduction that I had with him he gathered enough details on what my needs were and what as a company they could offer. Very professional, financial consultant company who kept me abreast from the word go he also explained any legal jargon and financial implications very clear. Would I use them again, yes especially when it comes to mortgage or remortgage you want someone with experience and knowledge to help with your search and assure what you are committing. So, thank you for your excellent service and negotiating a deal on my behalf.
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