There’s a misconception that because doctors tend to earn higher than average salaries, they do not experience difficulties when applying for mortgages. It comes as a surprise to many that the reality can be rather different.
Problems can occur because some lenders will not understand your banded remuneration package which can lead to confusion over the amount you can borrow. You may also have several income streams, earning a salary from the NHS while being paid by your own private practice. You may have academic work as well – all these elements can make your application more complex.
You may already be a property owner or have a small buy-to-let portfolio which further complicates matters. You are likely to be looking to purchase a higher price property which would normally lead to a smaller pool of lenders willing to help. Alternatively, you may be at the start of your career and want to demonstrate to a lender that your earnings are set to grow.
We work only with medical professionals and therefore have a thorough understanding of your particular position and have vast experience of helping doctors to secure their property purchases. We work hard to ensure your property loans are not delayed because of unforeseen errors or problems due simply to your choice of career.
In the same way that in the medical arena you would expect for specialist consultants to provide the very best care for patients, as mortgage consultants specifically for medics we can apply our knowledge to help progress your case swiftly, no matter the difficulty, and make the whole process as pain-free as possible.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
The FCA do not regulate some Buy to Let Mortgages.
For further information on how we can help, please call 020 7252 5765.