PROFESSIONAL MORTGAGES LONDON
MORTGAGES FOR PROFESSIONALS OVERVIEW
- Doctors
- Surgeons
- Solicitors
- Actuaries
- Dentists
- Teachers
- Police officers
WHY USE LONDON FS?
We deal with the first time buyer and home mover market, providing sound mortgage advice and mortgage solutions for property purchases and remortgages.
Our mortgage advisers have built strong relationships with clients and lenders, working efficiently and quickly on your behalf, understanding that time is often of the essence.
We collect all your income and personal details at outset and your mortgage broker will provide you the mortgage advice you need to secure the best deal for you.
WHAT TO EXPECT FROM LONDON FS?
- Your advisor will be with you through the whole mortgage process, so you deal with the same person throughout.
- There’s no need for you to chase the lender or other parties involved and pride ourselves on the exceptional service we offer in this arena.
- We have direct access to underwriters at main stream UK lenders, specialist lenders and Private banks who offer mortgages for professionals. This enables us to provide you with the best mortgage options based on your circumstances and requirements.
- You will find that going directly to high street lenders or building societies may not always be the best option for you as not all lenders will offer professional mortgages and you may find that you end up going around from lender to lender with no progress.
- Ensuring your case is packaged and presented correctly makes all the difference to obtaining a mortgage offer in all cases, but is especially crucial when arranging mortgages for professionals, as they can sometimes have multiple or complex income streams – for example, PAYE from the NHS, own practice income, income from a partnership arrangement which will normally be classified as self employment, and therefore may restrict the lending.
- This is where we come in as your adviser, as we understand what mortgage lenders require for a professional mortgage, and make your mortgage journey and application process stress free for you.
WHAT DOCUMENTS WILL YOU REQUIRE?
Every lender will work on their own unique affordability calculation, lending criteria and document requirements to accept an application for a professional mortgage.
We provide you with the advice and support you need throughout the mortgage process.
When looking at mortgage solutions for you, your adviser will want the following to provide you with the right advice:
- You will need to provide personal details – your mortgage adviser will arrange a call/ meeting so they can take all of your personal information and understand you as a client
- Income proof – depending on your personal circumstances this will vary and could include – payslips, tax returns, company accounts, contract of employment
- Credit report
- Proof of ID and address
- Bank statements
- Proof of deposit
- Future earnings – especially important if you have just started out in your career and do not have a track record of income yet (2 – 3 years)
- Status in the UK (for Foreign Nationals you will be expected to provide the type visa granted, how long you have been in the UK, time remaining on the visa and future intentions)
Mortgage lenders look at professional applicants as a lower risk.
Some lenders will offer qualified professionals higher income multiples when doing their affordability calculations
Higher loan sizes for experienced professionals with solid track records
High LTV (Loan To Value) Mortgage products – typically with 5% deposits for First Time Buyers
Competitive rates
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