Are allowances considered for my mortgage?

If you receive a housing or any other allowance from your employer, this can be considered when you apply for a mortgage. For instance, if your contract or salary certificate stipulates that you will receive a housing allowance if you leave company-provided accommodation, then this allowance can be taken into account when you apply for a mortgage. In most cases, the allowance can contribute to improve your affordability, and in some cases, increase the amount that you can borrow. To have an accurate understanding of how your allowance can help improve your affordability, use our calculator here.