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Professional Mortgages

david.bridgwater
david.bridgwater Posts: 2 Newbie
in Mortgages & endowments
Does anybody know anything about these? If so, can you recommend brokers?

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Could you be more specific? What information are you actually after and what is your own situation?
  • property.advert
    property.advert Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'd guess doctor, dentist, accountant, lawyer etc. where a significant post university period of time is spent on a (historically) lower salary, during "training", after which the salary would rise quickly. Higher multiples were used (historically) or a discounted period at the start of the mortgage. Largely a bygone idea as mortgages are no longer the 25 year 3 times salary repayment offerings they were decades ago.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Are you looking for lenders to offer you a higher income multiple based on the fact of being in a "professional" occupation?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • david.bridgwater
    david.bridgwater Posts: 2 Newbie
    Thanks. Yes I am. Also, I'd like to know if the rates offered are any better. Can you help with this one?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    In that case, there really is no difference between a "normal" mortgage then.

    What kind of multiples and LTV are you looking at?

    DO you have a good credit history?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • happybroker
    happybroker Posts: 1,301 Forumite
    there are "professional" deals out there but in my experience they have rarely been the best option......maybe I'm being a cynic but they often appear "gimmicky". What do others think?
    Happily an ex mortgage broker!
  • ILW
    ILW Posts: 18,333 Forumite
    Not sure if I would want an amateur mortgage.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    The OP gives very limited info, so any sensible meaningful reply is impossible.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    _Andy_ wrote: »
    Could you be more specific? What information are you actually after and what is your own situation?

    *Repeats himself*
This discussion has been closed.
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