Getting A Mortgage As A Junior Doctor In 2025
If you’re about to start work as a junior doctor or are already working as one, you might be worried about whether you’ll be able to get a mortgage. After all, you’ve worked hard to get where you are today and the next logical step for you might be to get your foot on the property ladder. With so many boxes to tick when applying for a mortgage, it can be easy to think you wouldn’t be eligible to borrow if you have only just started work or are yet to start in post.
The good news is that junior doctors – even those who haven’t started their work placements yet – can get mortgages if they know where to look. Coming to a medical mortgage specialist like us who truly understands your line of work and pay structure can make the process much easier. Sound good? Read on for everything you need to know about getting a mortgage as a junior doctor in 2025.
What Challenges Do New Doctors Face When Getting A Mortgage?
Newly qualified doctors can come up against many obstacles when applying for a mortgage. The first challenge is that standard high street lenders don’t understand the unique nature of how junior doctors work and how they get paid, which can result in a hastily rejected application. All lenders want to see is that you have a reliable, steady income, which can be tricky to prove if you have only just started working in a hospital or are waiting for your start date to roll around.
Other factors can make it tricky to prove your suitability to lenders as a junior doctor; these include:
- Working on different rotations
- Regular changes to employment contract
- Having multiple sources of income (basic pay and overtime or on-call work)
- Moving locations or hospitals a lot
High street lenders often don’t look into the intricacies of your work and will take applications at face value, which can lead to a failed application. Fortunately, this doesn’t mean you’ve reached a dead end.
Can Junior Doctors Get Mortgages?
In short: yes, they can, with the right evidence. Even junior doctors who haven’t started in a post yet can secure a mortgage, and they can apply for one up to three months before they start. All you need to do is turn to mortgage specialists like us who understand your unique situation, and we can guide you through the process.
We only work with lenders that understand your work and high earning potential, which means you’re likely to get approved for the mortgage you need. Depending on your circumstances, you’ll need to provide payslips, details of any additional pay you earn, your employment contract, and the letter confirming your start date in post (if you haven’t started working yet).
Can I Get A Mortgage If I Haven’t Started In Post Yet?
Getting a mortgage before you start in post is possible. You can apply for a mortgage up to three months before your start date. Lenders will just need to see evidence of your employment contract outlining your salary and the letter confirming your start date showing when you will start earning.
How Much Can I Borrow As A Junior Doctor?
The amount junior doctors can borrow will vary based on individual circumstances and from lender to lender. Some lenders will let you borrow up to six times your salary, but a minimum income threshold must be met to secure this. It will all depend on your employment contract and work schedule as to how much you can borrow. The lenders we work with take into consideration your high future earnings potential, so this can work in your favour when it comes to getting your mortgage locked in.
Doctors Mortgages Online Can Help
Don’t let misconceptions about being a junior doctor and getting a mortgage hold you back. With the guidance of our friendly team, it’s possible that you can secure a mortgage to buy your dream home and get your feet firmly on the property ladder in 2025. While high street banks only look at your application at face value, we dig deeper, ensuring we have all the information we need to help you reach your home ownership goals. We only work with lenders who understand the unique nuances of your employment and pay structure, which means that you won’t have to deal with the headache of having your application declined. Contact us for a no-obligation chat today!
