With some lenders, the answer is a resounding YES but with others, it makes no difference whatsoever.
But why is this significant?
Let’s assume that we have two lenders – one of whom looks at someone with a company car and acknowledges that this improves your financial position so they are happy to increase your gross salary by over $5,000 when looking at your income whilst the other lender doesn’t even show any interest in the company vehicle at all.
If you’re on gross wages on $48,000 p.a., this means that one lender will increase your salary for working out how much you can borrow to $53,000 (using the figure of $5,000) yet the other one will just leave it $48,000. It’s fairly obvious which lender would let you borrow more which could just be the difference between getting the home loan you want or missing out!
