Said It Here

How to get a mortgage without a traditional salary or employment history

Lenders typically require two years of consistent W-2 or PAYE employment history, leaving dividend-dependent borrowers unable to qualify for standard home loans. This lack of conventional documentation blocks cross-border property purchases and forces investors to seek alternative financing options.

What people tried

Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.

  1. 1
    using broker margin accounts to reinvest
  2. 2
    executing options box spreads
  3. 3
    applying for unsecured personal loans
  4. 4
    borrowing from friends with private interest agreements
  5. 5
    Waiting another year to show more consistent income
  6. 6
    Exploring asset-depletion loans or bank statement loans
  7. 7
    Amending tax returns to show higher income and pay more taxes
  8. 8
    Putting a spouse's name on loans
  9. 9
    Paying cash for major purchases
  10. 10
    Using retailer financing promotions or store cards

In their words

Unedited, most upvoted first, each linked to the thread it came from.

Your biggest hurdle may be getting two years of consistent documented income accepted, not the down payment.source ↗

CompetitiveThing3799 · r/personalfinance · 1 upvotes

traditional mortgage is tricky as I'm EU tax resident but the property is outside EU.source ↗

I pay myself mostly in dividends when needed, i.e. no salary or 'regular employment history' banks would like (at home or abroad).source ↗

IEA001 · r/personalfinance

So I don't seem to qualify for a typical home loan, and I'm wondering what other options I should be considering.source ↗

TheGreatPenguinMan · r/personalfinance

I’ve always had a really hard time building or getting approved for financing anything and have paid cash for most everything I’ve ever bought.source ↗

SyncopatedSoup · r/personalfinance

Where this came up

People with this problem also raised