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Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier

1Get in Touch

Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.

2Submit Your Application

Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.

3Mortgage Completion

Revolution Finance Brokers will finalise the details and enable you to move forward without delay!

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Mortgages for Doctors

UK mortgage lenders often provide favourable rates for medical professionals as low-risk applicants with significant job security. Uncover all you need to know about applying for a doctor's mortgage.

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Mortgage Options for Medical professionals

Medical professionals and doctors can find the mortgage sector challenging, with variable contract structures, different levels of qualification and newly qualified applicants needing to navigate the criteria of mainstream lenders that don't accommodate their working circumstances.

Here we will run through the different types of mortgages for UK doctors and medical personnel, and how to find the best deal for your property purchase.

Whether you are a locum doctor, a junior, or self-employed, there is competitive mortgage lending available. Give the Revolution Brokers team a call to learn more, on 0330 304 3040 or via email at [email protected].

Can I Get a Mortgage as a Newly Qualified Doctor?

Yes, by using a specialist lender, you can apply for a mortgage even if you have just started work, or haven't yet taken up a post.

Provided you are due to start a role within the next six months, then you can apply to a niche mortgage provider, without having to wait until you have been in employment for at least three months.

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About Your Mortgage

Single or joint mortgage?

Single

Joint

What’s your yearly income?

Error: Yearly income income must be between £1 and £10,000,000.

Do you receive a regular bonus?

Error: Regular bonus must be between £1 and £10,000,000.

Based On Your Yearly Income, You May Be Able To Borrow

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

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Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.

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Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.

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Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

What is a Locum Mortgage?

Locum doctors and nurses often work flexible and highly variable working patterns. This can apply to professionals working in a dual role, and those with changing shift patterns, gaps in employment, or changing hours.

In this scenario, you can use your average income as a basis to demonstrate mortgage affordability and should contact an experienced broker for support with the application process and negotiating lending terms.

Can I Get a Mortgage as a Trainee Doctor or a Junior Medical Professional?

Many juniors and trainees earn very little, particularly when compared to fully qualified doctors.

However, your trainee status means that you have a viable employment pathway, and so mortgage lenders can agree to lend, based on projected income once you reach the end of your current training route.

How Can I Get a Mortgage as a Doctor on a Temporary Contract?

If you are working on a fixed-term or temporary contract, you might find that a high street lender is unable to accept a mortgage application.

In this situation, a specialist lender is ideal since they can consider applicants provided you have at least two months left to run on the existing contract.

Where the contract has already been renewed before, or you have a reasonable basis for anticipating taking up a new contract when the current one ends, you can negotiate more competitive rates through an experienced UK broker.

Are There Mortgages Available for Self-employed Doctors?

Many professionals in the UK are self-employed, which is common in private healthcare and the dental profession.

In many cases, a mainstream provider will need to see at least two to three years of tax returns or verified accounts.

Specialist lenders are more flexible and can offer lending to self-employed doctors with only one year of income verification.

Another option is to consider a Day One Mortgage. If you are self-employed and do not have a long trading history, contact Revolution Brokers on 0330 304 3040 for further advice.

How Can I Get a Mortgage if I am Newly Self-Employed as a Practice Principal?

Outside of the medical profession, if you are newly self-employed with no income history, it is almost impossible to find a mortgage lender who will accept your application.

However, lenders with experience in the medical sector will be able to help, by anticipating your income based on the history of the practice.

Professional Mortgage Advice for Medical Professionals

Whether you need to apply for a mortgage, want to compare market rates, or are considering your borrowing options, contact the mortgage advisors steam today.

With years of experience in negotiating lending for medical professionals, we offer an independent, whole-of-market approach with the leverage to help you find advantageous deals, even in unusual working circumstances.

Call the team on 0330 304 3040 or email us at [email protected] to arrange a convenient time to talk.

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Securing an excellent mortgage offer with Revolution Finance
Brokers couldn't be easier:

PROCESS

Revolution Mortgage Brokers:
100% Independent & Whole-of-Market

As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

REFERRALS

Refer, Relax, and get £50

If you refer a friend for a mortgage or anytype of finance you’ll both receive £25 each when their
new application successfully completes.

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Ask the Expert

Mortgage Brokers

Revolution Mortgage Brokers understands that mortgages can be complex and confusing! Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.

What can we help you with today?

Do you have a particular timescale in mind?

Which situation from the below list best matches your requirements? *

Could you tell us the market value of the property?*

Please let us know a rough idea of your yearly income (before tax) for all applicants? *

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Primary applicant name *

Contact email address *

Best contact number *

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Find out more about us

Mortgages for Doctors

Mortgage Options for Medical professionals

Can I Get a Mortgage as a Newly Qualified Doctor?