Melanie Bien of broker Savills Private Finance says: "It's basic salary only. We had a client who works for one of the big investment banks, who earns £140,000 per year in basic salary plus a bonus of £1.3m a year for the past three years. But Woolwich would only take the basic into account."So this banker has had £3.9m over the last three years *AND* still wants a mortgage. Where did the money go? Can you drink almost £4 million in three years? Can you snort almost £4 million in three years?
The only thing I can assume is that this banker donated almost £4 million to orphanages for children in Uganda and kept it quiet. Is that likely? Maybe.
What would you have done with almost £4 million over three years? I can be damn sure even with my level of financial illiteracy I would not now be applying for a mortgage.