Specialist Mortgage Brokers for Medical Professionals
I just started work as a locum. Doctors Mortgages were able to get me a mortgage using just three months payslips.
50,000+ mortgages placed
20,000+ satisfied clients
Highly rated
Why use Doctors Mortgages Online?
If you are a Doctor or medical professional, using a specialist broker with medical professional experience can make a difference to the success of your mortgage application and take away all of the hassle involved with finding and securing a mortgage. Whether you are buying, investing, letting or remortgaging we can source a mortgage at a rate to suit you.
How Do High Street Banks View Medical Professionals?
Junior Doctors
As a junior doctor, you won't have a permanent employment contract when going through your training rotations. During this time, your training might require you to change hospitals, location, take on additional hours, and more, meaning you have more than one income stream. This can be confusing for traditional banks when determining your affordability, as they'll see you as a fixed-term contractor and only consider your basic salary. All of this can make it harder to secure a mortgage on your own without the help of a specialist broker.
GPs
For most salaried GPs, securing a mortgage should be easy enough as banks treat them the same as any other salaried employee. Where things get complicated is for new GP partners who are looking to buy a property. GP partners are viewed as self-employed by high street banks, meaning they'll usually need to prove two years' worth of income for a successful mortgage application. This can be a big stumbling block for those hoping to get a mortgage with a high street lender. When you turn to an expert medical mortgage broker like us, we can help you secure a mortgage based on what the surgery earns and your projected earnings.
Locums
Locum doctors often work irregular shift patterns, meaning their income can vary monthly. It doesn't matter to high street banks that you are a high earner. They just view you as a self-employed applicant without a regular, steady income. This can complicate your mortgage application. Traditional lenders will often want to see many years' worth of payslips before approving you for a mortgage. At Doctors Mortgages Online, we understand that you might not always have these due to the nature of this kind of work. The lenders we work with are understanding of your unique circumstances as a locum doctor, meaning a lack of payslips won't stand in your way.
Consultants
It might come as a surprise to learn that medical consultants can struggle to secure a mortgage. High street banks like mortgage applications to be kept simple and straightforward. As a consultant, you might have as many as five income streams, which include an NHS salary, private income, hospital board membership salary, merit awards, and payments for lecturing. This can be too complicated for traditional lenders to figure out, especially if you are new to your post and don't have proof of many years of income. That's why you should turn to a professional healthcare broker who only works with lenders who understand your pay structure.
How Do High Street Banks View Medical Professionals?
Junior Doctors
As a junior doctor, you won't have a permanent employment contract when going through your training rotations. During this time, your training might require you to change hospitals, location, take on additional hours, and more, meaning you have more than one income stream. This can be confusing for traditional banks when determining your affordability, as they'll see you as a fixed-term contractor and only consider your basic salary. All of this can make it harder to secure a mortgage on your own without the help of a specialist broker.
GPs
For most salaried GPs, securing a mortgage should be easy enough as banks treat them the same as any other salaried employee. Where things get complicated is for new GP partners who are looking to buy a property. GP partners are viewed as self-employed by high street banks, meaning they'll usually need to prove two years' worth of income for a successful mortgage application. This can be a big stumbling block for those hoping to get a mortgage with a high street lender. When you turn to an expert medical mortgage broker like us, we can help you secure a mortgage based on what the surgery earns and your projected earnings.
Locums
Locum doctors often work irregular shift patterns, meaning their income can vary monthly. It doesn't matter to high street banks that you are a high earner. They just view you as a self-employed applicant without a regular, steady income. This can complicate your mortgage application. Traditional lenders will often want to see many years' worth of payslips before approving you for a mortgage. At Doctors Mortgages Online, we understand that you might not always have these due to the nature of this kind of work. The lenders we work with are understanding of your unique circumstances as a locum doctor, meaning a lack of payslips won't stand in your way.
Consultants
It might come as a surprise to learn that medical consultants can struggle to secure a mortgage. High street banks like mortgage applications to be kept simple and straightforward. As a consultant, you might have as many as five income streams, which include an NHS salary, private income, hospital board membership salary, merit awards, and payments for lecturing. This can be too complicated for traditional lenders to figure out, especially if you are new to your post and don't have proof of many years of income. That's why you should turn to a professional healthcare broker who only works with lenders who understand your pay structure.
Understanding Of Earnings Structure
Regular lenders make mortgages for doctors complicated. Our online mortgage brokers understand how you get paid and how your employment contracts work so you won’t get rejected due to misrepresentation.
Strong Relationships With Lenders
We’ve built up trusted relationships with bespoke lenders that are not on the high street, meaning we can access better mortgage rates than you could find yourself.
Easy Application Process
Our brokers handle the entire application process, so you can rest easy.
Fee Free
The online mortgage broker for doctors’ service we provide doesn’t require a fee unless your case is particularly complex. We work on a commission basis.
We can help you with all your mortgage and investment
needs at every stage of your financial journey
How it works
If you are a doctor or medical professional, securing a mortgage for a property has never been easier, thanks to the team here at Doctors Mortgages Online. With access to bespoke mortgage rates tailored to you, we take the hassle out of mortgage applications to find solutions that match your goals and lifestyle in just three easy steps.
Get in touch
Reach out via phone, email, or the contact form with your details, and we’ll arrange a time to discuss your requirements. We are available outside of traditional office hours and at weekends.
2. Initial Meeting
Over the phone or video call, we’ll gather all the information we need to find you the perfect mortgage. During this call, we’ll outline the process.
Review your options
We’ll get in touch to confirm your mortgage options and will handle the application right through to offer. Once the offer has been produced, we will talk you through the next steps and will be there to help you through too completion!
Boost Your Chances Of Getting A Mortgage With Our FREE Guide.
Mortgage advice and guides
How Do High Street Banks View Medical Professionals?
No Deposit Track Record Mortgage Available For Home Buyers
Getting A Mortgage Before You Start In Post
Getting A Mortgage As A Doctor When You Are On A VISA
When Doctors Make Their Move: How We’ve Helped 4 Very Different Doctors Achieve Their Mortgage Potential
The Mortgage Application Process: A Step-By-Step Guide
Get in touch and see if we can find you the mortgage you want
