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Professional Mortgages
Ruggers13
Posts: 17 Forumite
Hi,
Has anyone had experience in receiving/applying for a mortgage specifically aimed at professionals, e.g. Chartered accounts, engineers etc. I have a few questions if so;
Has anyone had experience in receiving/applying for a mortgage specifically aimed at professionals, e.g. Chartered accounts, engineers etc. I have a few questions if so;
- Who are the lenders offering these products?
- What do the income multipliers go up to?
- Are affordability calculations the same, is future earnings growth taken into account?
- Can you receive preferential rates?
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Comments
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The income multiples can be higher (I think maybe up to 5.5x or 6x especially if their is a definite income rise matrix like there are for trainee Drs). But the rates wont be preferential.
The best rates are for the masses not for the people looking for niche products.
I am a Mortgage AdviserYou 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.0 -
Just searched for professional mortgages and this is what came up: professional mortgagesMortgage 30 Jun'25. est. £209,470 £309,749
Equity: over 40% (aiming for 40% LTV before remortgaging);
Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga0 -
Professionals mortgages are aimed primarily at Doctors, Lawyers, Dentist, Accountants, and some other Medical Professionals, rarely Engineers.
Lender can sometimes offer some flexibility on affordability or a small advantage on product terms.
More valuable for medical or legal/financial professionals is to deal via a broker with experience of dealing with professionals in your line.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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