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Mortgages for Medics

Best Mortgage Rates

I Want to Buy I Want to Remortgage

Mortgages for Medics

    • 4.07% Initial
    • 5 year fixed
    • 6.6% APRC
    • Cashback Max £250
      Free Legals
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    • 4.10% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.14% Initial
    • 5 year fixed
    • 6.3% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.17% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.17% Initial
    • 2 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.18% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
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    • 4.18% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.19% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback Max £1,250
      Free Legals
      Free Valuation
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    • 4.19% Initial
    • 2 year fixed
    • 8% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.20% Initial
    • 5 year fixed
    • 6% 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 Medics

Mortgages for doctors: Compare your options

You can get a mortgage as a medic depending on whether you work for the NHS or privately, and whether you are permanently employed full-time or on a contract basis.

Schemes for key workers in medicine

Key worker housing schemes are available to NHS medics in areas such as doctors' surgeries, dental practices, Primary Care Trusts (PCTs) and Ambulance Trusts. Although these schemes are often open to nurses, they do not usually apply to doctors or dentists, and they are subject to other criteria, such as excellent credit histories and residency requirements.

Medical mortgages - for doctors and medical students

It can be challenging for doctors to demonstrate their above average income to mortgage lenders due to the vagaries of contract work, locum roles, and private practice that may make up their careers to date.

 If you are a hospital doctor, for instance, you will probably have to show both your basic pay and your on-call pay. When making mortgage lending decisions for medics, specialist mortgage providers take this non-standard income stream into account.

As a student doctor, you may not have an account history if you are just starting out in your career as a medic. Some mortgage lenders will consider your future earnings as a doctor when deciding whether to offer you a mortgage.

 

To investigate your barn conversion 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

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