Doctor Mortgages Made Easy are experts in finding Mortgages for Doctors. We will help you find the right mortgage for you and we make it as simple as possible by doing everything we can to streamline the process.
How Much Can I Borrow As a Doctors?
Mortgage Calculators
At Doctor Mortgages Made Easy, we specialise in providing high-quality, professional mortgage advice for
doctors. We have worked on behalf of many professional doctors who receive income through a variety of mechanisms, including
PAYE, locum/private practice and even combinations of the two.
As a professional we are able to secure you a mortgage at preferential rates, with high income multiples and low loan to value.
When looking at doctor mortgages, lenders often do not understand the remuneration structures and as such will not assess income in
the correct manner.
Where NHS related income is assessed, usually via payslips, the lender will see the various salary elements and often assess
these as non-guaranteed overtime or part-time income. This will conflict with parts of their lending criteria and as such they
will often only take into account a basic element plus a small percentage, if any, of the additional parts.
If all or part of the income is locum/private practice based, a new doubt arises for the lender. Much of this work will be arranged
on short-term or fixed-term contracts and will be paid in a tax-efficient manner. The lender will frequently only look at a net or
drawn amount which may be fairly low and likely insufficient for the levels of borrowing required. Couple this with the lenders view
that short-term and fixed-term contracts are "temporary" and cracks start to appear in the process. Both of these issues can conflict
with standard lending criteria and can cause an application to fall down at the 11th hour.
This is where our expertise comes in to help you a mortgage that is right for you. We have liaised with senior underwriters within
high-street lenders and arranged bespoke underwriting for mortgages for doctors. These arrangements can provide doctors with
sufficient provable income to maximise their borrowing potential based upon agreed documentation, and a clear explanation of the
individual's working situation.
As part of our bespoke proposition, we can negate the need to approach your employer for any confirmation of earnings. We will work
closely with the underwriters to ensure that we have a clear and concise list of documentary requirements based upon the individual
circumstances prior to the submission of any application. This ensures that the underwriters have a full understanding of the
circumstances and can provide a positive lending decision.
Competitive Mortgages for Doctors
We are able to arrange Doctor Mortgages subject to you having a good credit rating and are qualified, registered and a practicing Dentist in England, Wales or Northern Ireland.
Professional mortgages for doctors can be some of the best deals on the market. However, approaching your bank or high street lender direct doesn't guarantee you the most preferential terms and in many instances the level can be restricted as all your income isn't take into account when applying conventional lending criteria.
At Doctor Mortgages Made Easy, we source the best value mortgages for doctors available.
Whether you're a first time buyer, looking for a remortgage, or even a buy to let deal, Doctor Mortgages Made Easy can help you secure the best professional mortgages for doctors.
Whatever your situation, contact us to find out how we can help you arrange a competitive Doctor Mortgage.
Doctors Mortgages Renewal Guarantee
Our Proactive Mortgage Management System (PAMM) will check to see if your current scheme is competitive and if not, we will help identify the best mortgage alternative for your needs.
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Doctors Mortgages Service Guarantee
All our staff are highly trained mortgage consultants with the sole aim of helping you source the right mortgage tailored to your set of circumstances and to make the whole process simple.
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