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Specialist mortgage advice for Medical consultants
The experts in mortgages for Medical Consultants. We understand the difficulty medical consultants face when applying for a mortgage and we’re here to help.
No impact on your credit score
Consultants have higher than average earnings, yet they frequently find that their mortgage applications are delayed or even rejected. Why? Medical consultants often face setbacks when applying for a mortgage because they fall short on the affordability checks that traditional high street banks carry out.
To speak with a mortgage Advisor, book your free mortgage consultation now
Due to your high earnings, it is highly likely that you will be looking to buy a more expensive property than the average home. This means that you’ll have to prove to lenders that you can not only afford the higher monthly repayments but that you can afford the additional costs like stamp duty that are associated with buying a higher-value property. When you combine this with the transient nature of the medical profession, you might struggle to get a mortgage if you are just starting out in this post.
This is where consultants can benefit from turning to a specialist broker like EM Financial. We have been helping consultants just like you to secure a mortgage of up to 5.5 times your income for 20 years. Unlike high street lenders, we understand the dynamics of working as a consultant and appreciate your high income, whether you have just started in the role or have been working in it for years.
We want to make it as easy as possible for you to secure a consultant mortgage, that’s why we have built up trusted relationships with specialist mortgage lenders that understand the medical profession inside-out. The expert healthcare lenders we work with understand that consultants can have various income streams at once.
In fact, consultants can have as many as five income streams, including an NHS salary, a private income, hospital board membership salaries, merit awards, and additional payments for lecturing. All of these additional payments will be factored into the affordability assessments when you choose to get a mortgage with EM Financial.
Your complex earnings structure can put some lenders off from granting you a consultant mortgage, and finding one that understands you can feel like a lot of work on top of your already hectic work schedule.
A specialist broker can streamline the entire application process to ensure you get the best deal for your personal situation. Our team will fill out all the paperwork and secure you a mortgage offer without meeting face-to-face.
We can source mortgages for doctors looking for remortgages, to buy a property, buy to let, let to buy, or to invest.
We search 1000s of mortgage deals in Barry
Your Path to Homeownership Starts Here
How to get started - Our simple 4 step process
Step 1
Press 'Get approved' Below, the link will take you to a short form.
Step 2
We'll match you with a mortgage broker.
Step 3
You're mortgage broker will contact you to discuss your mortgage options.
Step 4
If you're happy, we submit your mortgage application and guide you to completion.
Feel free to ask any question to us
- 07930334768
- 7 days a week 8:00am - 8:00pm
Common Questions
Is it easy for Medical consultants to get a mortgage?
As a Medical consultant, you will face significate challenges when trying to obtain a mortgage, however, it is not impossible. There are a number of specialist mortgage lenders that cater to such circumstances.
How much can I borrow as a Medical consultant?
As a Medical Consultant, you’ll be able to borrow up to 5.5x your income.
Do NHS staff get better mortgage rates?
Some lenders have exclusive products aimed at helping borrowers who work for the NHS, these can include better interest rates or favourable terms such as 5-6 times income multiples.
Do NHS staff get free mortgage advice
This depends on the mortgage advisor you choose. At EM Financial, we do not charge a fee for our mortgage advice.
Can I use Locum income for my mortgage?
Yes. Many medical professionals receive locum income and this is regularly used to boost affordability
Why Choose us
We have a large variety of lenders on our panel that each have their own distinct mortgage products and lending criteria. This frequently implies that we have access to things that aren't commonly found on the high street. Whatever your scenario, our incredible team of qualified mortgage brokers that specialise in helping medical professionalswill use their expertise to try and save you both time and money by finding you the best possible deal for your circumstances.
Take a look at our great client reviews to get a true sense of the high levels of customer service we constantly aim to deliver. We will always keep you up to date and strive to deliver you a stress-free advice service.
As a speedy and professional mortgage Broker, we will provide complete support and direction throughout your mortgage procedure. We will do everything possible to alleviate any anxieties you may have throughout our service and will answer all of your questions as thoroughly as possible. We truly hope that you will find us useful during your process, as we are adaptive to your mortgage requirements.
When you deal directly with a bank or lender, you will have far less options than if you speak with a mortgage broker. Banks and other lenders will only have access to their own deals and products, however we can search through 1000s of deals across our panel, selecting the best one for you and your circumstances.
Our professional and devoted mortgage and protection brokers is well-versed in various lenders' requirements and products. As a mortgage Broker, we can look around for these packages, completing the legwork on your behalf. This saves you time and money by avoiding the need to speak with different lenders.
Overcoming any mortgage obstacles that arise can be difficult at times. At this point, you should consult with a reliable and trusted mortgage advisor.
Customers with a low credit score, being self-employed, falling outside of lender criteria, and having a low borrowing capacity, to name a few. While challenges exist, our mortgage advisors can typically assist.
Our mortgage Advisers have assisted a wide range of consumers in a variety of situations. We give comprehensive guidance in a variety of situations by leveraging our extensive understanding of medical professionals lender criteria.
We offer a free mortgage appointment to all of our customers, new and old, as a well-known medical mortgage Broker with a reputation for being open, honest, reliable, and responsive.
During this appointment, your designated mortgage Advisor will review your situation and discuss your goals. Our customers are our top priority, and as a mortgage broker, we'll make sure to recommend the greatest available deal to you while also relieving your stress.
Request your free mortgage review today, and we'll see how we can assist you on your mortgage journey!
EM Wales is a trading style of Estates Mitchell Limited is Authorised and Regulated by the Financial Conduct Authority under Registration Number 948488 at www.fca.org.uk/Register
The Financial Conduct Authority does not regulate all aspects of Commercial and Buy to Let Mortgages.