The complexity of getting a mortgage if you’re a doctor, locum or GP can be far greater, medical professionals often have unique or complicated circumstances that can result in tricky or hard to place cases. Many lenders don’t have the underwriting flexibility to appreciate their different working patterns or varying income, despite them generally being high potential earners.
We have access to lender who are able to take a flexible and common sense approach to underwriting mortgages for medical professionals: – from junior doctors, locums and GPs.
We appreciate that the very nature of locum work, whether it’s exclusive or alongside an employed position, often involves irregular shifts, varying hours and sometimes gaps in employment. This can make it difficult for lenders to assess affordability and make the mortgage offer needed. We consider 100% of all employed income and 100% of locum income too (by taking an average of 6 months invoices) in determining affordability. We also consider shift allowances, overtime, on call and weekend work – all at 100%.