Head of Content
Mortgage Advisor & Director
Can I get a mortgage as a junior doctor?
At Teito, we understand that junior doctors have distinct requirements when it comes to getting 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. As a doctor, you have a better chance of securing a great deal on your mortgage than some other professions. If you are a junior doctor, your salary is likely to be minimal in comparison to your more qualified colleagues.
In specific scenarios, mortgage providers may consider lending against your anticipated future salary rather than your current salary.
Additionally, 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.
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 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