Mortgages for Professionals
Some lenders offer higher loan to income mortgages for newly qualified professionals
As a newly qualified professional, you might be able to take advantage of some lenders offering higher income multiples which would allow you to borrow more in comparison to the standard multiplier of 4.5x your income with most other lenders, in fact, you could potentially borrow up to 5.5 – 6 times your income. We’re experts in the field so you can rely on us to research your options to find you the best lender for your situation.
Key Workers may also be able to benefit from housing schemes
The First Homes Scheme was launched in 2021 to help local fist-time buyers and key workers to get onto the property ladder by offering a 30% discount on new homes sold by certain developers who participate in the scheme.
If you’re a key worker, you may be able to benefit from this scheme, this could make purchasing a property that bit more affordable and we have access to those lender who accept the First Homes Scheme.
If you're a professional and you're looking to purchase a property, then get in touch with us today to gain a better understanding of your options.
Get in touch to arrange a free consultation
What We Do For You
Source The Best Deals
Our role is to find you the best deal based on your circumstances and with access to the whole market, you can trust that we will find the best deal for you.
We’ll take into consideration your individual circumstances in order to find the most suitable lender for your case,
Provide Additional Services
There’s a lot to think about when it comes to buying a property, but there are other aspects, aside from mortgages that we can help with.
We can help with finding the right solicitor to deal with your case or even local firms to carry out your surveys if you like. It’s one less thing that you need to worry about.
Work Quickly and Efficiently
There’s nothing more frustrating than having a mortgage adviser who takes days to respond to your last email. So, we’ve made it our mission to always be as responsive as possible so that you can get the answers that you need in as little time as possible.
Mortgages for Professionals
If you’re a professional and thinking about buying a property, then get in touch with us using the form below. We will help to navigate you through the entire process, helping put the keys to your new home in your hands.
Contact us now for a free consultation.
Check out our frequently asked questions below and if you have any of your own then get in touch and we'll happily answer those for you!
Professional Mortgage FAQs
I haven't yet started my new role as a professional, could I still apply for a mortgage?
A professional mortgage is a term used to describe when an individual who is classed as a ‘professional’ applies for a mortgage and the lender is offering exclusive rates or perhaps a bespoke deal such as enhanced income multiples to enable them to borrow more.
Of course, professionals can apply for the same mortgage products as anyone else, but they do have the option of choosing lenders who might provide more favourable terms for their mortgage deal. Lenders often deem professionals to be ‘lower risk’ borrowers and therefore they can be more flexible with their criteria.
It can make a big difference to the mortgage deal that you cans secure depending on the lender that you approach, that’s why it’s a good idea to approach a mortgage broker who can help to guide you through the options available to you.
Which job roles fall into the category of a 'professional'?
There are a few professions that lenders consider as ‘professionals’:
- Barristers
- Actuaries
- Accountants
- Medical Doctors
- Dentists
- Solicitors
- Vets
- Engineers
- Architects
- Surveyors
- Optometrists
- Pharmacists
- Teachers
So if you are currently working in one of these roles then you may be able to benefit from professional mortgage products.
Which job roles are considered to be 'key worker' roles?
If you’re a key worker, you may be able to benefit from certain housing schemes. Professions that are considered as ‘key workers’ are as follows:
- Teachers
- Social workers
- Foster carers
- Civil servants
- Police
- Firemen
- Military
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