The number of mortgage lenders who now offer bespoke mortgage solutions for professionals has increased over recent times. To be eligible for these mortgages the applicant needs to be qualified in their profession, practising and be a member of their professional association.
Lenders offer larger loans, generous income multiples, along with a slightly more flexible criteria because of the income potential for professionals. Flexible criteria may be needed due to:
- reduction in income, while you go through further industry training which could result in higher remuneration at a later date,
- irregular income,
- contract work,
- more than one income stream
Some Professional mortgages provide a offset facility which can assist in reducing the interest paid over the term of the mortgage.
Examples of professions that are eligible for these mortgages provided, you are fully qualified and registered with the relevant professional body:
- Accountants
- Actuaries
- Architects
- Barristers
- Doctors
- Dentists
- Optometrists
- Pharmacists
- Solicitors
- Surveyors
- Teachers
- Vets
We have access to a wide selection of lenders in the Mortgage for Professionals market, we can recommend for your needs. We therefore pride ourselves on searching for the most suitable mortgage for your needs, whilst keeping the experience as smooth as possible.
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