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Mortgage Advisor & Director
Mortgages for doctors and other medical professionals
Doctors 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.
Mortgages for trainee or junior doctors
For trainee or junior doctors, your salary is likely to be minimal in comparison to your more qualified colleagues. In certain scenarios, mortgage providers may consider lending against your expected future salary rather than your current salary.
If you have recently qualified, started a job or about to begin a job, you may be eligible for a mortgage without having completed three months of employment.
Mortgages for locum doctors or nurses
Working as a locum doctor or nurse means you will likely have variable hours and shifts, with potential gaps in employment. It may be that you 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 extra income.
Lenders that consider locum workers will use an average calculation of your last few months or years income as a basis of earnings.
Mortgages for self-employed doctors
Unlike the majority of self-employed people, getting a mortgage as a self-employed doctor is relatively straightforward. While there are lenders who will not consider your application without two to three years of accounts demonstrating a secure income, specialist lenders may accept your application with a year or even less in certain situations.
On a temporary contract?
Assuming you have a minimum of two-three months remaining on your contract, or an indication of renewal, being on a temporary agreement is not a problem for specialist lenders. If your contract has previously been 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.
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.
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Last updated 29 February 2024