Tronc Income
Tronc income is an income which is mainly used in the service industry where employees earn money in addition to their basic by way of tips, gratuities, or service charge. This is paid as part of your income rather than being given out as cash which is often the case in the service industry.
How do mortgage lenders treat Tronc Income?
There are lenders out there who will treat Tronc income in the same way they do commission or overtime. If you can evidence regular Tronc income, then we have lenders that can use 100% of this income
So if you work within the service industry, looking for a mortgage and Tronc payments form part of your employed income then give us a call. We have experience of this type of income.
All mortgage applications are subject to affordability, criteria and credit status.
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