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Letter R

Regular earned income

This will usually be associated with additional income over and above your basic salary and refers to payments such as overtime, commission, bonus, or shift allowance that is not guaranteed but never the less regular in payment. As such if it can be demonstrated that it is indeed regular, by way of many months pay slips and a P60, lenders will allow from 50% to 100% of it to be added to your basic income for calculation form total potential borrowing.