Mortgages for Junior Doctors

Our Mortgage Service for Junior Medical Doctors

Special features of what we offer include:

• Whole of market service - we work with most UK lenders

• We work with lenders who will provide lending based on your employment contract as a junior medical doctor

• Access to leading market mortgage rates

• Access to exclusive loan deals not available on high street

• Fast turnaround - speak to us today if you need to move quickly

• We have lenders who will take into account previous defaults and missed payments 

• Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions

To investigate your mortgage options if you are a junior medical doctor call our mortgage team on 0117 403 4474 or fill in our call back form.

"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.

Compare the Latest Mortgages Deals for Junior Doctors

Use our mortgage tables below to see a selection of market leading mortgage deals - alternatively if you need advice - call our independent mortgage team on 0117 403 4474.

What issues could I face when applying for a mortgage as a junior doctor?

If you are a junior doctor undergoing or just finishing 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 prefer potential borrowers with what they see as a stable, long lasting employment record. In order to get a mortgage it can be a good idea to approach mortgage lenders who understand the unique nature of junior doctors’ work and lifestyle.

Mortgages for junior locum doctors

Locum work is very common among junior doctors, but can cause issues 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 junior doctors can help you to get a mortgage that takes your circumstances into account.

Proving your income as a junior doctor

Looking for a mortgage as a junior doctor can prove more complicated than you might expect. On the one hand, you have a professional job and may well have more capital than the average buyer at your disposal, but on the other hand, factors such as fixed term contracts, band earnings and locum work can all be an issue when it comes to demonstrating your income.

Junior doctors may have to move around frequently for various rotations or training courses, leaving them with multiple sources of income and frequent changes in their employment terms. Locums can find it hard to demonstrate consistent income and they can sometimes be considered freelance or self-employed by mortgage lenders unfamiliar with their exact role.

As a junior 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.

How are mortgages for junior doctors assessed?

Mortgage applications for junior doctors may be assessed differently from traditional mortgage applications. There are various specialist firms that may be able to help secure a better deal on mortgages for junior doctors. A specialist mortgage broker could help you find a lender who understands the medical profession and who will assess your application for a mortgage on those terms.

Getting mortgages for junior doctors

We could help you find a lender who understands your requirements as a junior doctor and who will assess your application for a mortgage on a case-by-case basis. Our dedicated whole of market mortgage team can help you to locate the right mortgage deal to suit your needs. To find the best company director mortgage deals for you – call us today on 0117 403 4474 or request a callback.