Professionals Mortgage
Many lenders will still treat someone in a professional role in the same way they would treat any other applicant. This can make obtaining a mortgage more difficult if you have a professional qualification and may chose to take on multiple income streams, but lenders will not necessarily treat these as guaranteed incomes. Whilst training for a professional qualification or you are newly qualified you may not have a permanent contract which can also be an issue with many lenders.
Specialist lending knowledge will help professionals in the following situations:
- Locum Doctors
- Doctors taking on agency work in addition to their NHS salary
- Doctors with additional self-employed income
- Newly qualified teachers
- Supply teachers
- Nurses with additional bank hours
- Firefighters with second jobs
- Professionals on a daily rate contract
Our specialist advisors will assess your payslips and contract to achieve the maximum you can borrow at the best interest rate available.
If you would like to be contacted by a mortgage advisor who is experienced and knowledgeable in this specific area, please use our find a mortgage tool to answer a few short questions.
As a mortgage is secured against your home/property it may be repossessed if you do not keep up the repayments.
Trainees
If you are a trainee in a professional role, expecting to qualify fully and become employed in the next year or two, then some lenders can, unfortunately, be very shortsighted about your mortgage and look at only your current situation.
Our experienced team knows which of the specialist lenders will look at your earning potential for your future career based on your discipline. We know which Lenders will understand that the typical training salary will be much lower than any future income that you may receive, once the training for your chosen profession has been completed, and you receive your professional qualification.
This means that by working with us, even at this early stage in your career, you can still receive some of the same mortgage benefits that trained professionals will receive.
Qualified Professional Mortgage
If you are a qualified professional then you must prove that any qualifications you have are approved by a registered body. For example, if you are a dentist then your qualification must align with the General Dentist Council, and if you are a barrister, then your qualifications must align with the Bar Council. (We’ve included a table of all requisite professional bodies at the end of this page for you to see whether your body is recognised by the lenders we use).
Some lenders may have specific minimum incomes that you would have to meet in order for specific mortgages, and some lenders may ask for full evidence of the qualifications that you hold. As well as this, you will still need standard documentation such as payslips and bank slips in order to prove your income. – our team will help you to understand what’s needed, and are there to support you at every turn along the way to getting your mortgage.
Frequently Asked Questions
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