Trainee Doctor Mortgage
- Access to competitive rates and some you can't get direct
- You will not be pushed from one adviser to another
- Quality, professional mortgage advice that you can trust
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Mortgages For Professionals with complex incomes through the main high street lenders
High street lenders typically provide more appealing rates, making them the preferred choice for many professionals seeking mortgage solutions. However, navigating the complexities of professional incomes can present challenges in securing loans from these lenders.
Professionals often assume they must seek alternative lenders due to the intricacies of their income streams. Yet, armed with a deep understanding of various payment structures, we confidently facilitate successful mortgage applications with high street lenders.
In fact, a substantial 93.4% of our mortgage applications are seamlessly processed through reputable high street lenders, showcasing our expertise in navigating complex income scenarios.
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MORTGAGES FOR SOLICITORS
Getting a mortgage as a solicitor can often be quite simple. However, if you are looking for a more specific option to suit your needs, Davidson Deem can help. Our expert team are here to provide you with quality advice and the best rates, something you would be highly unlikely to get from a standard mortgage.
If you are in the legal profession, we can provide you with specialist services, ensuring you receive a better mortgage for your needs. If you apply through us, lenders will individually assess and consider your circumstances instead of using a standard formula.
THE DIFFICULTY OF GETTING MORTGAGES FOR SOLICITORS
Fixed term contracts, overtime, variable income, and profit sharing are just a few examples of the mortgage obstacles you can face as a solicitor. Many mortgage lenders will only consider your initial salary when it comes to the success of your application. This will often result in you only being offered a low mortgage amount. By trusting our team at Davidson Deem, we will provide you with better opportunities and a higher mortgage loan to best suit your needs.
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BENEFITS OF MORTGAGES FOR SOLICITORS
Our lawyer mortgages are flexible in considering your circumstances and can offer you the following benefits:
Large Loan to Value Ratio- If you are a solicitor, you could receive up to 95% loan to value ratio.
Borrow More- Your additional income can be considered when applying for a professional mortgage. Because of this, you will have the opportunity to borrow a larger loan.
Considering Future Income- If you are a recently qualified solicitor, lenders will consider the reliable increases within your profession, allowing you to obtain a mortgage of up to 5.5 times your income.
Desirable Rates- As a solicitor, you could receive lower rates in comparison to traditional mortgage rates.
Different Mortgage Types- It is easier to obtain different mortgage types including re-mortgages, interest-only mortgages and part interest only, part capital & interest mortgages
OBTAINING MORTGAGES FOR SOLICITORS
At the beginning of our service with you, we will start by arranging an initial appointment where we will discuss your requirements. After this, we will advise you on how to obtain a professional mortgage based on your criteria. We can support you by offering our high-quality solutions at a reasonable cost. We have set our fee to £400 and this is only payable once we have obtained a formal mortgage offer from a lender. Find out more information on our charges, discounts and schemes today!
PROFESSIONAL MORTGAGES FOR SOLICITORS
For some of the best services from our expert team, get in touch with our specialist mortgage brokers on 01202 884111 today.
Trainee Doctor Mortgage
Brian Keane explains how the mortgage process works if you are a trainee doctor.
Can I get a mortgage as a trainee doctor?
The good news is that yes, you can. In fact, even if the training hasn’t started but you’ve got a signed contract that’s due to start in the next three months, you’ll have a range of options with good high street lenders. These banks will accept your future trainee earnings.
Do lenders use my future salary rather than my current trainee income?
It can vary. They’ll take future salary or future earnings into account if they’re due to take effect in the next three months.
If there’s been a national pay rise for junior doctors, income that’s due to increase in the next three months will be taken into account. Lenders also include a good proportion or even 100% of any additional payments – such as weekend working rates, large town allowance and additional hours.
With some of the bigger mortgages, lenders look at the potential earnings for a particular client. If the first consultancy post is going to happen in August or September, and we’re looking at this in June or July, then those future earnings can be taken into account.
What is the minimum deposit required for trainee doctors?
As we sit here today in November 2025, the minimum deposit is currently about £5,000. As ever, lenders price mortgages according to their perception of what the risk level is, and the more deposit you put in towards a purchase, the more comfortable the lender feels.
When they feel more comfortable, the rates of interest and the terms available are just that much better. So the minimum is £5,000 but the more, the better.
How is affordability for trainee doctors calculated?
All lenders have to look at what is affordable, by examining the trainee doctor’s income and expenditure position. The approach varies from lender to lender.
They are generally more generous in what they’ll lend if a client is going to take a five-year fixed rate – because then they know what the payments will be for that full five years. Lenders recognise that the income over those next five years will grow – and potentially quite considerably for trainee doctors.
It all comes down to what the lender deems as affordable, and that assessment can vary massively from lender to lender. There’s no set formula across the industry – what one lender will do could vary enormously compared with another high street lender.
How do frequent job rotations and multiple addresses affect my mortgage application and credit score?
Rotations can make things a bit trickier on the admin side, but they don’t really harm the credit score directly. What matters is making sure that any personal details, especially addresses, are consistent on all your financial records and credit accounts.
Being registered on the electoral roll at your current location always helps, especially if there have been lots of different addresses.
What documentation do I need to prove my income? Can I use a job offer or contract as proof of income?
Normally you need to provide your latest payslips – most lenders ask for the last three months’. Some just ask for one, but generally it’s three months’. If you’ve been with the NHS for a period of time, we probably need the last P60 as well. Sometimes lenders do ask for employment contracts, but that’s fairly rare.
If you’re about to start a new post and have accepted a formal job offer, as I mentioned we should be able to get the future income taken into account. We can use your new contract as proof of earnings, if that new position is due to start within the next three months. I know it can be difficult getting contracts out of NHS HR departments, but that can be used.
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Can locum or self-employed trainee doctors get a mortgage?
Yes. The process is a bit more detailed, but they can. Lenders generally want to see six to 12 months of consistent income records, such as invoices or bank statements for locums and self-employed trainee doctors.
Lenders and brokers who understand locum work can make a big difference here, in securing the most suitable and appropriate terms. It comes down to proving that your earnings are sustainable at a certain level. That’s the key here.
How does student loan debt affect my mortgage eligibility?
A student loan doesn’t really count as a debt in the traditional sense, but the repayments do reduce your disposable income. Because of that, they impact on lenders’ affordability models.
But junior or trainee doctors shouldn’t be worried about having £70,000 or more in student debt. It’s not debt built up on excessive holidays, a fancy car or overspending each month.
Student debt is treated slightly differently – and not seen like other types of loan. The amount isn’t really important, as lenders just look at how much you pay each month towards it.
Are schemes like Help to Buy or shared ownership applicable to me?
Help to Buy ended for new customers in 2023, so, unfortunately, nobody can have a Help to Buy mortgage anymore. But shared ownership is very much available.
With shared ownership, you buy a proportion of the property – perhaps 20%, 30%, 50%… whatever percentage you can afford. Then you pay rent, generally to a housing association, for the bit that you can’t afford to buy.
Those schemes often help with getting that first step onto the property ladder. They can make it more affordable to buy a home, especially in high-cost areas like London.
Does being in the NHS offer any mortgage discounts?
Yes, some lenders and mortgage brokers do offer special rates or incentives for NHS employees. It’s generally in the form of either slightly lower fees or a slightly reduced deposit. Occasionally there can be slightly better, enhanced affordability checks as well.
It’s always worth mentioning your NHS employment position upfront, as it can sometimes unlock slightly better options.
What if I have bad credit as a trainee doctor? How does it affect the mortgage application process?
It really depends on how bad the credit is, but it’s not generally the end of the road. There are lenders who specialise in helping borrowers with imperfect or impaired credit. The fact that the applicant is a medical doctor works strongly in the client’s favour.
Lenders do prefer lending to doctors and other qualified professionals, because they are on a rapid and well-trodden path for income growth.
The key thing is trying to demonstrate recent stability, making sure any small debts are cleared and keeping up with all payments. Keeping payments up-to-date just helps strengthen the case.
You’ve demonstrated how a mortgage broker can help. Have you got any final thoughts?
Just in summary, a mortgage broker can be a huge advantage, especially one who specialises in dealing with medical professionals, like ourselves. We’ve got over 30 years experience in supporting this sector and we know which lenders are going to be the most flexible with trainee doctors.
We help package the application properly, and often get access to exclusive deals that a doctor wouldn’t necessarily be able to find on their own. Essentially, we make the process smoother, saving our clients time and potentially a lot of money, as well.
Key Takeaways:
- Lenders consider trainee doctors’ future earnings, including new contracts (within 3 months) and additional payments such as weekend working rates.
- While the minimum deposit is around £5,000 (as of November 2025), a larger deposit typically secures better rates and terms.
- Frequent job rotations don’t typically harm credit score directly, but consistent personal details and electoral roll registration are crucial. Student loan debt is also treated differently from traditional debt; lenders focus on monthly repayments which affect disposable income.
- NHS employment can offer advantages like special rates, lower fees, or enhanced affordability checks.
- A broker specialising in medical professionals can help to properly package a mortgage application and find the most flexible lenders.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.