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    Dentist Mortgages

      The NHS is a major employer in the UK and working for the National Health Service may make you eligible for particular types of mortgages.

      NHS Mortgage Specialists

        NHS Mortgage Specialists

        As a dentist, you will no doubt pride yourself on giving the best dental health advice possible. When it comes to getting a mortgage, you need the best advice that you can get.

        Finding the best rates of your dentist mortgage can a considerable amount of time and effort. You will want to know that you are getting the right deal on your mortgage. However, you may not know which lenders provide the best rates for dentists.

        What Type Of Mortgages Are Available For Dentists?

        The mortgages that will be available to you as a dentist will largely depend on your own personal and financial situation. As with any financial product, your income and credit score will be a contributing factor in the amount that you can borrow and the interest rate on the mortgage.

        Every lender uses a different set of criteria to assess your suitability for a mortgage, so if you have been turned down for a dentist mortgage in the past, do not be put off from looking elsewhere. Some lenders are better placed for providing lending to dentists.

        The factors that will be considered in your mortgage application will include:

        • The amount that you available for your deposit The larger your deposit, the more money you may be offered. Having more money to put towards a deposit can also mean that you will need to borrow less, which leads to more favourable interest rates and lower monthly repayments.
        • Your credit history As with any lending, your credit score and borrowing history is important. Lenders need to know that you do not have a history of debt problems.
        • Your total annual income The majority of lenders will provide mortgages of up to 4.5 times the amount of the borrower’s annual income. Using this rate, the average dentist’s starting salary of £31,355 would mean that you might be able to borrow £141,097. There may be some mortgage lenders who are willing to lend up to five or six times the annual salary.
        • Your age If you are nearing retirement age, this may limit the amount that a mortgage lender is willing to lend.
        • How many dependents you have The size of your family is important in a mortgage application as it will dictate how much of your salary is spent on your family’s upkeep.
        • The type of property you are buying As with any type of mortgage, the type of property and the material that it is built from may affect the approval of the loan.
        • Your employment type Many dentists are self-employed. In these cases, some lenders will be more ideal than others in terms of providing lending for self-employed dentists. Getting the right financial help is essential here to ensure you are applying to lenders who look more favourably on self-employed dentists.

        Applying For Your Dentist Mortgage

        When applying for your dentist mortgage it is important that you identify the right lender to apply to. Applying to multiple lenders in succession may have an adverse effect on your credit rating. This is because of the fact that credit applications do stay in your credit history. If you make numerous applications it can send off a negative impression or indicate that other lenders are all declining you.

        Hard credit searches can appear on your credit file for two years. It is therefore essential that you are making the right decisions when it comes to selecting the mortgage providers that you are going to make an application with.

        At The Finance Surgery, your mortgage advisor will be able to examine your specific personal finances and place you with the right lender. Knowing as much as possible about your personal financial situation and your lifestyle will help them to ensure you are looking at the right mortgage lenders along with the right financial products. This means that your mortgage advisor can try and find the right dentist mortgage for you, maximising your potential borrowing while reducing your interest rates and repayments.

        They can help you through the paperwork process so that everything is a lot easier for you. By doing this, there will be no delay in getting your mortgage application sent off in time.

        To start your mortgage application, get in touch with The Finance Surgery today. Our NHS-specialist mortgage brokers have helped hundreds of people find the right mortgage deal for them.

        We are happy to help and discuss your needs

        We are great listeners who will never judge your situation

        We provide sound advice and research

        We will support and help you all the way

        Products and Services

        Self Employed Mortgages

        Whether you are a limited company, sold trader or contractor, whatever your circumstances when you work for yourself we can find the right deal for you.

        Buy to Let Mortgages

        Looking for advice on your first buy to let? Are you looking to refinance an existing buy to let, or do you have a portfolio? Whatever your circumstances Finance Surgery will have a solution for you.

        Remortgaging

        Coming to the end of your current product, or simply sat on a variable rate? Finance Surgery will compare the products available with your current lender and then compare those whole of market.

        Bridging Finance

        If you need to raise finance at short notice, bridging finance can be an excellent option. Finance Surgery has access to specialist bespoke products.

        First Time Buyers & Movers

        At Finance Surgery we pride ourselves on taking the stress out of buying your first home or if you are moving house. Contact us for a hassle and stress free experience.

        We guide you through the entire mortgage process…

        At Finance Surgery we want all of our clients to not only feel totally confident in the advice they receive now, but more importantly for their future.

        We are experts in all types of mortgages, protection and general insurance products. We have years of experience dealing with all types of scenarios and take great satisfaction in ensuring that our clients have the right products and solutions for them.

        When the time comes to start looking for a mortgage, the amount of information out there can make it seem like an extremely daunting process. You may have some knowledge of mortgages, but not enough to make an informed decision – or you might not have a clue where to start.

        At Finance Surgery, we aim to make the process as straightforward as possible for you, so you make the right decision to suit your own needs. We understand the complexity of mortgages and try to sift through the jargon to make it easier for first time buyers. Whether you have experience of mortgages or not, we are here to help.

        Speak To a Finance Advisor Today

        By completing this form you are giving consent to be contacted to discuss your mortgage/insurance needs. See Privacy Notice for details on how we hold/store data.

        What is a mortgage?

        If you want to own your home, you will probably need a mortgage. A mortgage is basically a loan to help you pay for your house. With the average cost of a home in the UK currently standing at over £200,000 (https://www.zoopla.co.uk/house-prices/uk/), very few can pay for it outright.

        There are mortgages options available to suit most circumstances, including first time buyers, those who are re-mortgaging and people who are moving up the property ladder. In most cases, you will need to put down a deposit before you can obtain a mortgage.

        Buying your home is essentially the biggest purchase you’ll ever make in your life – and the most important. Although you often end up paying much more back, it can make owning a home affordable.

        Benefits of using a mortgage advisor…

        A mortgage advisor is particularly important for first time buyers, but it is worthwhile seeing one, even if you have had a mortgage before. There are many different types of mortgages out there and an advisor will be able to help you understand which is right for you.

        A mortgage is a huge financial commitment, so you need to be sure you make the right decision. It is always worthwhile seeking the guidance of a specialist who can advise on the different types of mortgages available to you, give advice on how much you can realistically afford to borrow and help you with your application. An independent mortgage advisor may be a good way to get the mortgage you want.

        What to look for in your next mortgage…

        It is important to understand exactly what you will be paying. A mortgage might have low rates, but high fees, so this is something to look out for. You should have a good understanding of how much you will be paying and how you will afford this, before you make any decisions. Consider the tie ins of the mortgage, as you never know whether your situation will change.

        The last thing you want is to end up with extra fees you didn’t realise you were getting. You also need to know whether the rate is fixed or subject to change and which of these you feel most comfortable with. There may also be flexibility, where you can overpay or take mortgage breaks, and this can be valuable in the decision-making process.

        It is important to understand all the facts about the mortgage, before you decide. This is where we can help. Contact us today so we can help to find the right mortgage for you.

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