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    Finance Surgery specialises in finding the right mortgage deal for doctors based on their income and status. Speak with an advisor today.

    Doctor Mortgages

      We specialise in helping doctors find the perfect mortgage based on their income and status. Speak to an advisor about finding your mortgage.

      Doctor Mortgage Specialists

        Doctor Mortgage Specialists

        Working as a doctor can be a fulfilling and rewarding career choice but it can make it tricky to plan your finances. As doctors are sometimes employed on variable contracts, your salary and remuneration may change from month to month. If so, ‘traditional’ mortgages may be difficult to find.

        Fortunately, there are other options available. When you take out doctor mortgages, you’ll have the opportunity to engage with a lender who understands your circumstances and work patterns. No matter where you are in your career, there are doctor mortgages to suit you.

        What are Doctor Mortgages?

        Although there isn’t a specific financial product known as a ‘doctor mortgage’, there are mortgage deals which are designed for people working on non-standard contracts. As these are offered by different lenders, you’ll find they are often advertised under varying names or brands.

        To ensure doctor mortgages are available to medical professionals at any point during their career, there are a number of relevant mortgage products on the market. If you’re a junior doctor, for example, you may be able to bypass the usual requirement of having at least three months’ employment history. Furthermore, a mortgage lender may calculate the amount you can borrow based on your future salary, rather than your current remuneration when you take out a doctor mortgage.

        Mortgages for Principal Doctors

        If you’re a principal doctor, you may have only set up your practice recently. For most self-employment people, it can be hard to find a mortgage when you’ve just launched a business. With doctor mortgages, however, you can successfully borrow money to secure a property purchase.

        One feature of doctor mortgages is the willingness of lenders to look at your potential revenue. If you have a contract with the NHS, for example, potential lenders will have confidence in your ability to generate a baseline of revenue, which means they will be more willing to offer you a mortgage.

        Mortgages for Locums and Temporary Contracts

        As well as serving full-time medical professionals, doctor mortgages are also designed for doctors working on temporary contracts or locum doctors who work variable hours. If you work on an on-going basis but switch between temporary contracts, for example, this shouldn’t hold you back when it comes to getting on the property ladder.

        Similarly, if your income varies because you work on an ad-hoc basis, this needn’t prevent you from buying a new home. As your income as a locum can vary significantly, a doctor mortgages lender may look at your average income over the last few months or years and base your borrowing eligibility on that figure, which puts you in a better position.

        Finding the Right Doctor Mortgages

        With so many different financial products on the market, it’s important to find the right doctor mortgage for you. Whether you’re a full-time GP, a dentist on a temporary contract or a part-time locum, there are doctor mortgages to suit your needs.

        When you contact Finance Surgery, you’ll have access to independent advice and information to help you plan for your financial future. Get in touch with us at Finance Surgery today.

        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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