Medical Professionals

Mortgages for medical professionals

At Active, we are experts in providing advice and guidance to medical professionals that are struggling to secure a mortgage due to their unique circumstances.

We know that your job is very demanding, and may have you working particularly unsociable hours, so why not let us do the heavy lifting and take away a lot of the stress from you?

Start the process with a call to discuss your circumstances with one of our expert advisers and find out how Active could help you purchase the home you want.

Hassle-free mortgage advice for medical professionals

Generally, applying for and securing a mortgage can be a simple process for most medical professionals. This usually involves providing proof of regular income to show that you can afford your monthly repayments.

However, there are a number of exceptions in this industry that can make things a bit trickier.

  • Locum doctors with a scattered employment history
  • Newly qualified doctors
  • Self-employed doctors
  • GP’s
  • Agency nurses

In these instances, there are a variety of factors, including; complex shift patterns, a range of different contract types, diverse career paths, and varied monthly income, that can affect how much of a risk lenders view you as.

It is not all bad news though, as these are precisely the types of mortgage cases that Active specialise in.

How mortgages are arranged for medical professionals

Mortgages can be quite tricky to get your head around and figure out; what documents you need, what you need to pay, who needs to sign what, and how much money you really need to borrow.

While our specialist medical professional mortgage advisers also require a lot of this information, they have expert knowledge of the mortgage market, enabling them to minimise the amount of time you spend on the phone and in meetings.

Maximising the chances of getting your mortgage application accepted

What you need to prepare to make your mortgage application depends on your circumstances. Your initial consultation with Active will ascertain those circumstances and what they mean for your mortgage application.

For any new mortgage application you are going to need to show proof of earnings, either as an individual or through your self-employed business accounts. Gather as much of this information as you can, particularly as a self-employed applicant as it is naturally harder to prove income when you are not receiving a direct salary.

A key area which affects all mortgage applicants is credit history. If your credit rating is not as strong or healthy as it could be, spend time doing everything you can to improve this before applying for a mortgage. This is an important indicator to mortgage providers that you are a good investment for them. The higher your credit the better rate and deal you are likely to receive.

How Active mortgage advisers can help you

Your mortgage advisers at Active are here to assist you in finding the property of your dreams and look forward to helping medical professionals just like you make it happen. Arranging a consultation is quick and easy. Simply fill out our contact form and a member of the team will be in touch as soon as possible.

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