We can source mortgages of up to seven times income when required.

Consultants can often experience complications when applying for a mortgage. With higher than average earnings you wouldn’t expect to encounter a mortgage set-back, but high earners can often miss out on mortgage approvals due not satisfying affordability criteria.

Consultants

It is more than likely that, as a consultant, you will be purchasing property at a higher than average price. The increased associated costs that come with buying a more expensive property such as a large stamp duty tax bill, and substantial monthly mortgage repayments can mean that if you are new to your post, you may wish to borrow up to five, six or seven time earnings and only have a 10-15% deposit.

As you will be able to demonstrate that your income is set to rise, getting a mortgage with Doctors Mortgages Online is far easier than with difficult high street lenders. We have access to lenders who understand that consultant’s have private income streams, and at time, commitment and intensity payments. Doctors Mortgages Online can place a mortgage with 100% of these payments factoring into your affordability assessment. If you also have existing buy to let property in the background, this can cause unnecessary complications.

Working with a specialist medical mortgages broker, consultants can get a swift, hassle free mortgage solution. We have no need to meet with you face-to-face, and all our correspondence is dealt with online. All the paperwork is completed by our brokers and we’ll only contact you with essential information during the process so that there is little demand on your time.

Remember that the larger the mortgage you require, the smaller the pool of lenders that are prepared to offer you a mortgage deal. This is where specialist advice and experience is invaluable in getting the outcome you require.

To get your questions answered and get your consultant mortgage application underway, call one of our medical mortgage brokers today on 01656 749902.

For out of hours or weekends, email us at info@doctorsmortgagesonline.co.uk

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.