When trying to secure a mortgage, doctors may immediately be faced with a variety of challenges during the application process. Lenders often fail to understand the way a doctor’s career progresses as well as the structure of their earnings, leading to an unjust failed application.
If you’re a doctor who’s struggling to get a mortgage, you’ve come to the right place. From hospital doctors to GPs through to trainees and consultants, we arrange mortgages every day for medical professionals just like you.
At Mortgages for Doctors, we promise to make your mortgage application less stressful, less time-consuming and more efficient.
We treat clients as people, not as numbers. We recognise that your situation is unique and can’t be generalised. And just as importantly, we provide a tailored advisory service to ensure that your mortgage application is successful.
Once we’ve gathered all of the important details, we’ll connect you to our network of lenders that work exclusively with locum doctors facing similar issues as you. Unlike high street lenders, they fully understand the career pathway of a locum doctor and are able to make concessions in your application.
Sara and David were in a bit of a pickle.
They were due to start new roles in a different NHS Trust in 2 months’ time. They’d already found their dream home and had the offer accepted.
Sara was in her second year of training and had an employed contract. David was a self-employed locum but only had a 5-month history of the income and no tax returns to confirm the income.
In addition, the loan they required was outside affordability based on their current incomes so they needed to arrange a mortgage lender who would be prepared to lend on the basis of their new roles.
Using our knowledge of lenders, we approached three who were all offering competitive rates. We managed to successfully obtain a mortgage for them both using letters from their new employers confirming their new positions and salary details.
If you’re a locum doctor who wants to secure a mortgage with the best possible deal, contact us for a free consultation.