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Mortgages for Locum Doctors

Best Mortgage Rates

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Mortgages for Locum Doctors

    • 3.89% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback Max £1,250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.92% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.92% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.94% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.97% Initial
    • 5 year fixed
    • 6.5% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.98% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.99% Initial
    • 5 year fixed
    • 6.5% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.00% Initial
    • 5 year fixed
    • 6.8% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.00% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.00% Initial
    • 2 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

Mortgages for Locum Doctors

Accessing a mortgage for locum doctors may be more complicated than it needs to be. Mortgage lenders may not be familiar with the NHS salary bands or the nature of NHS locum contracts, so they may offer you a mortgage deal that does not reflect your true financial circumstances or earning potential.

Although locum doctors have professional jobs and are likely to earn an above-average income, it can be challenging to demonstrate this income to a prospective mortgage provider.

Locating the best mortgage deals for locum doctors

Locum doctors often find it difficult to find the right mortgage deal for their situation, especially as their demanding professional roles don't allow them to spend hours researching mortgage deals. You may not have expected to have problems getting a mortgage deal as a professional with a high income.

However, mortgage lenders may not fully understand the nature of your role as a locum doctor and will focus instead on the fact that your income, while above average, is sporadic. As a result of your employment, they may fear you will be unreliable when making mortgage repayments.

The benefits of a specialist mortgage for locum doctors

A mortgage broker who specializes in locum doctor mortgages can provide you with the following benefits:

  • Advice and guidance to help you find the right mortgage deal for your circumstances, whether you're a newly qualified professional or an experienced one

  • An application process that is quick and simple, taking into account the time-consuming nature of your job

  • To maximize your chances of getting your application accepted the first time, you should know which mortgage lenders to approach

 

To investigate your locum finance options, call our broker team or fill in our call back form -  speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464

Locum Doctor Mortgages Get Quotes
Mortgages for Locum Doctors Get Quotes