Mortgage Broker in Barry

Specialist mortgage advice for medical students

The experts in  mortgages for medical students. We understand the difficulty medical students face when applying for a mortgage and we’re here to help.

No impact on your credit score

The prospect of owning a home as a medical student might seem impossible. After all, you will be busy studying, have a student loan, and it is unlikely that you will have a steady income to support your mortgage application.

To speak with a mortgage Advisor, book your free mortgage consultation now

If you are a student or the parent of someone going to university and are worried about sky-high rent and living costs, a student mortgage might be the affordable solution you are looking for.

A Buy for Uni mortgage means that you can take your first step on the property ladder with the help of family members and rent out the spare rooms to fellow students to cover the cost of the repayments.

EM Financial is a specialist broker with access to mortgages for medical students that you won’t find on the high street. Start your journey to homeownership today!

Can A Student Get A Mortgage Studying Medicine?

Going to university is a major life event, and there is a lot to sort out, including where you are going to live. Rent prices seem to be constantly rising, and students aren’t exempt from this. Rather than throw dead money at renting, why not buy a property instead?

Traditional big-name high street lenders do not offer medical student mortgages on the basis that, as a student, you cannot provide sufficient evidence of your income or savings. This makes it difficult for them to determine how much you can afford to borrow and repay, tossing your application in the bin.

So, can a medical student get a mortgage?

This is where Doctors Mortgages Online comes in. We are specialist online mortgage brokers that have built up trusted relationships with lenders that understand the importance of buying a property at university versus renting in the current economic climate.

If you are over the age of 18 and a UK resident looking to buy a property with more than three bedrooms to live in England or Wales with at least one full academic year left on your course when the mortgage begins or have received your acceptance letter, then you can start applying for a mortgage.

The amount you can borrow will be determined with the help of your parents or another family member who will be named on the mortgage and by evaluating the rental value of the spare rooms in the property that you will need to let out.

If the property’s rental value does not cover the mortgage repayments, our lenders will consider your family member’s income as a joint borrower. You will be the listed owner of the property.

When you choose a mortgage broker like us that specialises in finding mortgages for medical students, you can rest assured that you are in good hands.

Thanks to our relationship with trusted mortgage lenders that consider the property’s rental value and other factors, we can access bespoke deals on student mortgages and find you a product that works for you.

Take the pressure out of going to university with mortgages for students from one of our trusted lenders!

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

Get Approved now

Common Questions

Is it easy for medical students to get a mortgage?

As a medical student, 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 student?

As a medical student, your borrowing power is capped due to your earnings, although you have prospects to earn more in the future. Many lenders will lend based on what you earn now. 

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.