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Mortgage Advisor & Director
Are there mortgages for vets?
As a vet, you will be pleased to find out that your profession is viewed favourably by mortgage lenders.
As a result, you are likely to be able to access better mortgage deals, with better rates, higher Loan to Value (LTV) options and flexible criteria.
Whether you are a principal vet working in your own practice, are newly qualified or working in a partnership, be assured that our experienced advisors have helped people like you to get the best deal possible on their new mortgage.
What about trainee vets
As a trainee vet, you might be keen to get on the property ladder. If you have a job lined up for after you graduate, some prospective lenders will be prepared to make you an offer on this basis.
As a vet, some lenders will make you an offer on potential future earnings.
Don't worry if this is not the case, and you are still looking to buy; there are other options available such as guarantor mortgages.
Mortgages for newly qualified vets
As a newly qualified vet, there is no reason why you should struggle to get a mortgage. As a stable, long-term career, even if you are a newly qualified vet, lenders will be more flexible than with some other professions.
It might be a good idea to wait until you have completed your probation period in your first role; however, there are still lenders who will consider your application.
Can vets in partnership get a mortgage?
If you are a partner in a veterinary practice, you are likely to be self-employed.
The rules for applying for a mortgage as someone who is self-employed are slightly different from someone in a permanent role.
Your prospective lender will be looking for a minimum of 2 years of accounts to demonstrate a stable income over this period. If you have less than this, don't worry, you will still be able to find a lender who will consider your application.
Mortgages for principal vets
As a principal vet, you will likely be the director of a limited company. This means your accountant will be able to provide information to lenders on your income over the previous 2-3 years to support your application.
What if I've got bad credit
Not all bad credit is created equal, and as a vet, your profession means you are well placed to compensate for any bad credit on your record.
Prospective lenders will consider the age and severity of your adverse credit when making their offer.
Please read our guide to bad credit mortgages to learn more or contact one of our advisors today.
How can I learn more?
At Teito, we are a whole-of-market broker which means we have access to deals from specialist lenders that are not available on the open market.
Our team of experienced advisors can help you to get the best deal possible on your new mortgage, complete our simple online form today to get started.
Choosing an Adviser
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.
