Head of Content
Mortgage Advisor & Director
Why can nurses struggle to get a mortgage?
Nurses have their own set of specific requirements when it comes to a mortgage. Our experienced team of mortgage advisors have access to deals that are not accessible to the general public, including specialist lenders for medical professionals.
Nurses can find that they don't meet the specific requirements set by high street lenders.
Your salary may be variable due to flexible working patterns, which represents a challenge to a mortgage provider. Don't worry, some lenders specialise in NHS staff and nurses, and at Teito we can help you to get the best deal possible.
Can self-employed nurses get a mortgage?
Yes! Self-employed nurses can get a mortgage.
As long as you have been working as a self-employed nurse for at least a year, you are likely to be a suitable candidate. The more evidence you have of historical earnings, the better you will look in the eyes of a mortgage lender.
Mortgages for locum nurses
As a locum nurse, you will likely have variable hours and shifts, with potential gaps in your employment. You may top up your existing salary by taking on extra locum work, and you would be keen for a mortgage lender to take into account this additional income.
Lenders that consider locum workers will use an average calculation of your last few months or years income as a basis of earnings.
Can nurses with a temporary contract get a mortgage?
Assuming you have at least two to three months left on your contract, or an indication of renewal, being on a temporary agreement is not an obstacle for specialist lenders. If your contract has been previously renewed, this can also help you to demonstrate a stable income.
Contact our team today
Our team of experienced advisors can recommend specialist lenders for the medical profession.
As a whole-of-market service, we can to access deals not accessible to the general public, including lenders who specifically deal with medical professionals.
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Selecting a qualified and experienced mortgage adviser is of great importance. To choose a suitable adviser, evaluate their qualifications, experience, and reputation, and ensure they are regulated by the Financial Conduct Authority (FCA).
Read reviews from previous clients and make sure they provide a clear explanation of the products and services they offer, as well as the fees and charges associated with them.
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Last updated 4 March 2024