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Speak to PMS for an initial consultation to assess your affordability
and an indication of the type of borrowing available to you within the mortgage market.
Banks and building societies are offering Mortgages for Professionals as they look to provide more finance for qualified and newly qualified professionals. This includes doctors, dentists, lawyers and teachers.
Lenders provide generous income multiples and larger loans, as well as more lenient acceptance criteria. Some banks and building societies offer 5.5 times salary multiples and lower deposit rates.
Professionals often have irregular earnings or income from several sources. For example, a doctor may receive income from a mixture of regular, locum and private practice work.
‘Your home may be repossessed if you do not keep up repayments on your mortgage’
Who is counted as a professional?
You are typically considered a professional when registered as an:
Accountant / Actuary / Architect / Barrister / Dentist / Engineer / Medical doctor / Optometrist / Pharmacist / Solicitor / Surveyor / Teacher / Vet
We can arrange mortgages for other professionals, such as those working on short term contracts. This income is usually based on contracted daily pay rates rather than figures shown in their last two years of accounts.
Starting your mortgage journey with us:
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If your happy to go ahead PMS will book a full consultation either Zoom or face to face with your consultant. You will be given a mortgage approval in principle confirming your maximum borrowing and putting you in a very strong position when offering on a property.
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Once you have found a property we take care of everything else,
mortgage application, surveys, solicitors, searches and dealing
with any estate agents or developers on your behalf.
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Your dedicated case manager and your consultant will
be on hand to guide you through the whole process.
Buying a property can be the biggest decision made in our lives. Let us help out with the stress this can cause.
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