Special Services Mortgages
The Professional Mortgage is designed exclusively for doctors, dentists, accountants, solicitors, teachers and vets. It allows you to borrow 100% of the valuation or purchase price of the property (whichever is lower).
In addition you can borrow 25% on top of this for any other purpose, for example, renovations of your new property, a holiday, car, business or education needs. The funds are available from the day the mortgage completes.
Professionals are defined as being at least 23 years old, fully qualified & currently practicing one of the following professions: Doctors; Pharmacists; Opticians; Dentists; Vets; Solicitors; Accountants.
Young professionals struggling to get a foothold on the housing ladder should consider trading on their status and potential to earn more money at a later date. An increasing number of lenders are looking more favorably upon newly qualified doctors, dentists, solicitors and accountants, lending them more money to buy a home than they would to "non-professionals".
We can also arrange other special services mortgages:
Police Mortgages, Teacher Mortgages, Armed Force Mortgages, Civil Servant Mortgages
Am I eligible?
The eligibility criteria vary, depending on the local recruitment and retention situation. Those groups who can apply are:
- Teachers in schools and in further education and sixth-form colleges.
- Nurses and other NHS staff.
- Police officers and some civilian staff in some police forces.
- Prison service and probation service staff.
- Social workers, educational psychologists, planners (in London), occupational therapists and speech and language therapists employed by local authorities.
- Whole-time junior fire officers and retained fire fighters (all grades) in some fire and rescue services.