The experts in mortgages for Locums. We understand the difficulty medical students face when applying for a mortgage and we’re here to help.
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The nature of working as a locum doctor means that you won’t have a permanent employment contract, so you’ll be viewed as self-employed by traditional lenders, making securing a mortgage more difficult.
High street lenders prioritise mortgages for those who can prove they have a steady income stream. When it comes to doctors like locums who work on a self-employed basis, lenders require two to three years’ worth of accounts when applying for a mortgage, which isn’t always possible for locum doctors due to scattered working patterns.
The team at EM Financial has a wealth of experience in finding locum doctor mortgages for those looking to buy their first home, relocate, or invest in property. Unlike high street banks, specialist lenders understand your unique circumstances working as a locum and as a contractor for the NHS with varying working hours and irregular payment schedules.
Whether you are registered as a sole trader, a limited company, or are paid directly by your NHS trust, a specialist online mortgage broker like ours can help you get the best locum doctor mortgage rates for medical professionals who have been working for as little as three months.
We’ve built up relationships with trusted specialist lenders who understand the complexities of working as a locum doctor and will not penalise you for it. Each application we process for locum doctors is tailored to your individual situation, securing a doctors mortgage on terms that work for you.
Let our mortgage brokers guide you through the application process. When you put your trust in us, you can rest assured that you are in good hands. We can access mortgages that aren’t available anywhere else on the high street whether you have been working as a doctor locum for years or just a few months.
With EM Financial, you won’t experience any pesky delays or rejections when applying for a mortgage, so start your journey to a new home today!
As a Locum, 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.
As a Locum, you’ll be treated as self employed, this typically means lenders will use an average of your last 2 years earnings.
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.
This depends on the mortgage advisor you choose. At EM Financial, we do not charge a fee for our mortgage advice.
Yes. Many medical professionals receive locum income and this is regularly used to boost affordability
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.