- New Trainee Contracts
- Income Projections Considered
- From 5% Deposit
- Locum Income Considered
- Multiple Income Sources
- Newly Self Employed Considered
Mortgages for Doctors
Doctors who approach us to help them with a mortgage frequently tell us that they may have struggled to obtain a mortgage for a number of reasons. They may be newly qualified, in training as a Junior Doctor, a new partner in a general practice or have multiple sources of income such as NHS, self employed private practice and/or locum income.
They may have already asked their Bank for a mortgage and been rejected, either because they will not take all of their income sources into account or may have asked for a longer track record – often a minimum of one or two years. This can often result in a lower mortgage amount being offered, which requires a higher deposit. As a result, it can mean that the proposed property purchase is out of the question.
Additionally, for Junior doctors, some lenders may not consider them for a mortgage until they have completed their postgraduate training and become a consultant or a GP.Read More >>
We do look to assist Doctors obtain a mortgage at RockHopper. If you do not have a sufficient track record for High Street lenders then we will work with you to establish an income projection and career plan to present to a lender.
If you have multiple sources of income, we will ask for them all to be considered when assessing mortgage affordability.
We appreciate everyone’s particular situation is unique, which is why we look at every enquiry on a case by case basis.
If you are a doctor and would like to see whether we can help you raise a mortgage on a property, do get in touch for a free no obligation quotation.