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Mortgages for Newly Qualified Doctors

Our Mortgage Service - helping you make the right decision

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support. 

As your mortgage is such an important transaction, good advice is imperative.

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"We know that the internet is the first port of call for many people when looking for mortgage solutions; our view is, yes use the internet to do your own research , but then bring it to us and we’ll let you know how your findings compare and then give you the information and advice you need - so that you can make the right decision for your future.” Adam Arnott, Head of Mortgages & Protection

Compare Mortgage for Newly Qualified Doctors

If you are a newly qualified doctor or a junior doctor undergoing foundation training, the early years of your medical career are likely to be based on fixed-term contracts rather than permanent roles. This is great for gaining the experience you need to succeed, but it can make getting a mortgage more difficult. This is because mortgage lenders tend to favour potential borrowers with what they see as a stable employment record. In order to get a mortgage it can be a good idea to approach mortgage lenders who understand the unique nature of newly qualified doctors’ contracts.  

As a newly qualified doctor you may be keen to buy a higher end property that reflects your true earning potential. A specialist mortgage provider can help you get a mortgage based on your specific requirements.

Mortgages for new GPs

If you are a recently qualified doctor and are join a GP practice as a new partner, you could find that standard mortgage lenders class you to be newly self employed and therefore a lending risk. Because as a GP you are self employed (at least technically) you could face many of the pitfalls also encountered by people in less stable self-employment when it comes to trying to obtain a mortgage deal.

Mortgages for new locum doctors

Locum work can be a great way to gain experiences as a newly qualified doctor, but it can also be a headache when it comes to getting a mortgage. This is because as a locum you will not have a permanent employment contract and this can be a red flag to mortgage lenders who may see you as a greater lending risk. This can be especially true if you are a new locum as you will not be in a position to provide several years’ worth of accounts to prove your past income and job stability. Fortunately, specialist mortgage providers for doctors can help you to get a mortgage that takes your circumstances into account.

We could help you find a lender who understand the mortgage needs of newly qualified doctors – call today on 0117 332 3389 for the latest mortgages for doctors. To speak to one of our mortgage advisers click here »

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