Professional mortgages are offered by some mortgage lenders to those who work in 'professional' lines of work, including:

• Solicitors
• Accountants
• Architects
• Chartered surveyors
• Dentists
• Medical doctors
• Pharmacists
• Veterinarians

Lenders are comfortable to let these buyers borrow more as they see them as lower risk.

There are a few high street banks that offer professional mortgages, as well as specialist lenders and private mortgage lenders who can offer better deals for professionals. Our team can match you with a specialist lender who offers these deals.

Increase your buying budget, even on a low income

It’s actually possible to get five and a half times your salary with a professional mortgage product. With newly qualified professionals, the expectation is that their income is going to increase over the next few years, which means that mortgage lenders have peace of mind that your job is secure within the industry and your affordability will increase over time.

You could enjoy increased borrowing with a 5% deposit

If you are purchasing a pre-owned property with a professional mortgage, you could potentially put down a 5% deposit. This can be extremely helpful for first time buyers who may only have a small house fund saved up.

Boost your budget without outside help

Many buyers turn to a guarantor for support if they can’t borrow enough. With a professional mortgage, you won’t need to involve any family members or friends to reach your desired budget.

You must meet the professional role criteria

To be eligible for a professional mortgage, you must have qualified in the last ten years, be registered with the appropriate UK professional body and work in a field related to your profession.

Poor credit could impact how much you can borrow

If you have adverse credit, depending on the severity you may have fewer lenders willing to lend to you, and be offered a smaller income multiple.

Non-professional applicants won’t qualify

If you are buying with another person who does not work in a professional role, they won’t qualify.

We can offer mortgage advice and help with planning for your future applications. We can save you time and money because we have access to many lenders you won’t find on the high street, which will save you the effort of looking for yourself.

If you’re a professional and want to find out if you qualify for a professional mortgage product, get in touch. There are some lenders who provide for different occupations, so it’s possible that you qualify, even if you’re not listed above. We can also help you to determine how much you can borrow and put you in the best position to be able to buy your future home.