The leading specialist mortgage broker for New Medical Students
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The prospect of owning a home as a medical student might seem impossible. After all, you will be busy studying, have a student loan, and it is unlikely that you will have a steady income to support your mortgage application.
The prospect of owning a home as a medical student might seem impossible. After all, you will be busy studying, have a student loan, and it is unlikely that you will have a steady income to support your mortgage application.
If you are a student or the parent of someone going to university and are worried about sky-high rent and living costs, a student mortgage might be the affordable solution you are looking for.
A Buy for Uni mortgage means that you can take your first step on the property ladder with the help of family members and rent out the spare rooms to fellow students to cover the cost of the repayments.
Doctors Mortgages Online is a specialist broker with access to mortgages for medical students that you won’t find on the high street. Start your journey to homeownership today!
Can A Student Get A Mortgage Studying Medicine?
Going to university is a major life event, and there is a lot to sort out, including where you are going to live. Rent prices seem to be constantly rising, and students aren’t exempt from this. Rather than throw dead money at renting, why not buy a property instead?
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Fancy owning your own medical student pad, but not sure how to manage a mortgage as a medical student? Read on to find out how to make it happen.
Traditional big-name high street lenders do not offer medical student mortgages on the basis that, as a student, you cannot provide sufficient evidence of your income or savings. This makes it difficult for them to determine how much you can afford to borrow and repay, tossing your application in the bin.
So, can a medical student get a mortgage?
This is where Doctors Mortgages Online comes in. We are specialist online mortgage brokers that have built up trusted relationships with lenders that understand the importance of buying a property at university versus renting in the current economic climate.
If you are over the age of 18 and a UK resident looking to buy a property with more than three bedrooms to live in England or Wales with at least one full academic year left on your course when the mortgage begins or have received your acceptance letter, then you can start applying for a mortgage.
The amount you can borrow will be determined with the help of your parents or another family member who will be named on the mortgage and by evaluating the rental value of the spare rooms in the property that you will need to let out.
If the property’s rental value does not cover the mortgage repayments, our lenders will consider your family member’s income as a joint borrower. You will be the listed owner of the property.
When you choose a mortgage broker like us that specialises in finding mortgages for medical students, you can rest assured that you are in good hands.
Thanks to our relationship with trusted mortgage lenders that consider the property’s rental value and other factors, we can access bespoke deals on student mortgages and find you a product that works for you.
Take the pressure out of going to university with mortgages for students from one of our trusted lenders!
A real world mortgage case
I am incredibly grateful. The offer pinged through an email at the very moment I entered the centre of one of Scotland’s most famous stone circles. The Ring of Brodgar on Orkney. That’s just got to be a good omen, on the day of a New Moon and Solar Eclipse too
Jordan, Foundation 1 Doctor, Liverpool
Why use Doctors Mortgages Online?
Here at Doctors Mortgages Online, we know there is a lot to sort out when you are off to university.
Renting at university can be a nightmare with rogue landlords and properties that quite simply aren’t up to scratch, the stress of which can distract you from your studies and enjoying the student experience. The good news is that you can enjoy university to the full without this worry thanks to a student mortgage UK because it is possible to secure a mortgage as a student and purchase your very own home in the location you will be studying.
If you are approaching high street banks for a mortgage student product, you will face rejection to your application. This is because traditional lenders take your personal information at face value. They see that you are a student with no stable income and potentially limited savings, meaning you’ll fail the all-important affordability checks. In fact, none of the big-name lenders offer a mortgage for students.
Our mortgage brokers have over 20 years of experience sourcing mortgages for medical students and the wider medical and healthcare profession. We will be able to secure you a deal, considering the rental value of your property, at an interest rate that works for you, giving you a head start on the property ladder long before your medical training is complete. Â
As long as you have the support of a family member and your property meets certain requirements, including that it is within 10 miles of the university you attend and that it has a maximum of three bedrooms, then our professional and friendly team will be able to help you secure a mortgage.
We understand that renting at university is not ideal for everyone, and believe that a safe home environment will help you succeed. Thanks to our long-established relationships with reputable mortgage lenders, we can help first time buyers just like you before you’ve even started your medical career.
8 reasons why is makes sense to use Doctors Mortgages
Our Experience
We have more than 20 years of experience sourcing mortgages for doctors that work for them. Doctors often earn higher than the average worker, so you would think they would have no problem securing the funds to buy a property. High street banks don’t understand the complexity of the medical profession, which can result in delays and rejected mortgage applications. With us, it’s simple. We provide practical mortgage advice at any stage in their career, sourcing mortgage deals of up to 5.5 times your income.
100% Online Service
Unsociable working hours and fragmented shifts can make it harder for you to find time to research lenders. Our 100% online mortgage broker service works around your schedule, with all communication via email or phone. We will never request to see you face-to-face unless you want to, and we will only contact you when you are available.
Saves You Time
Our online mortgage broker service will do all the leg work for you. You provide us with the essential information, and we’ll do the rest, from filling out the forms and submitting the application. We’ll handle communication with the lender to secure a mortgage for doctors wherever they are.
A Personal Mortgage Advisor
Once we are in touch, you will be allocated your personal mortgage advisor to guide you through the process. A specialist in providing mortgage advice for doctors, they will arrange the paperwork and find the right lender to ensure that your funds arrive in time to exchange contracts.
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.
8 reasons why is makes sense to use Doctors Mortgages
Our Experience
We have more than 20 years of experience sourcing mortgages for doctors that work for them. Doctors often earn higher than the average worker, so you would think they would have no problem securing the funds to buy a property. High street banks don’t understand the complexity of the medical profession, which can result in delays and rejected mortgage applications. With us, it’s simple. We provide practical mortgage advice at any stage in their career, sourcing mortgage deals of up to 5.5 times your income.
100% Online Service
Unsociable working hours and fragmented shifts can make it harder for you to find time to research lenders. Our 100% online mortgage broker service works around your schedule, with all communication via email or phone. We will never request to see you face-to-face unless you want to, and we will only contact you when you are available.
Saves You Time
Our online mortgage broker service will do all the leg work for you. You provide us with the essential information, and we’ll do the rest, from filling out the forms and submitting the application. We’ll handle communication with the lender to secure a mortgage for doctors wherever they are.
A Personal Mortgage Advisor
Once we are in touch, you will be allocated your personal mortgage advisor to guide you through the process. A specialist in providing mortgage advice for doctors, they will arrange the paperwork and find the right lender to ensure that your funds arrive in time to exchange contracts.
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.
How We Operate
It could not be easier for students to buy a property than with the help of our specialist mortgage brokers, who take the stress away from applying for mortgages. Our mortgage advisors understand that renting isn’t always the best option for medical students and have access to tailored mortgage deals that aren’t available on the high street.
Access exclusive deals on mortgages for medical students with Doctors Mortgages Online with these three steps:
Get in touch
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