Locum GP 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.
Locum GP Mortgage
Brian Keane explains how the mortgage process works if you are a locum GP.
What mortgage options are available for locum GPs?
A number of lenders are happy to consider locum GP mortgages. The longer the locum work has been undertaken, the better, as it will open up more options. Even if somebody’s only just started locum work, that’s still fine.
There are plenty of lenders we can talk to and set out your background, experience and show what level of income could be sustained.
There are lots of options, even if you’ve just started as a locum. Don’t worry that you’ll have to wait a year, two years or even three years. That’s not the case at all.
Can I get a mortgage if I’ve recently started locum work as a GP? How many years of income do mortgage lenders require from a locum GP?
Yes, you can get a mortgage almost straight away. The key thing is evidencing sustainability. Locum income is irregular: it depends on how often the GP works, how many sessions they’re working and how many different practices they locum at. From there, the options will vary.
We have been successful in securing mortgages for locum GPs who have started work within the last couple of months. It just boils down to sustainability. A broker should be able to help build the story of what can be expected going forward.
How does being self-employed as a locum GP affect mortgage applications?
It comes down to how a case is presented to a lender. If you approach a lender as a newly self-employed locum, most will advise that you need at least two years figures for your income to be used.
However, locum GPs are a group that high street lenders are keen to lend to. And if it’s presented in the right way, by building your case with a broker it really won’t be an issue.
There’s no issue in securing mortgage finance, even if you are technically classed as self-employed, as this is an area where lenders want your business.
What if I’m a First Time Buyer and a locum GP? How does the process work here?
There’s no difference at all. Income and expenditure is taken into account to help the lenders decide what level of mortgage is affordable. It’s all down to our ability to prove your income levels are sustainable.
Talk to a decent broker with good experience in this and we’ll work out a realistic budget with you based on the numbers.
Can I use NHS bank or agency income as proof for a mortgage?
Yes, you can. Bank or agency work tends to be additional to employed practice income, and that additional income can be used, depending on the overall position.
If all the income is from bank or agency, it doesn’t stop us being able to assist. It might potentially reduce the number of lenders that we can talk to, but there are still a good number.
How do lenders assess variable income for locum GPs? Is it harder to get a mortgage with irregular income?
It’s harder, yes. If somebody has three months payslips from an employed position, it’s straightforward – lenders look at the annual salary and work out their sums from that.
Where the income is variable, lenders will take an average of the income achieved over three, four, six or 12 months. There’s no set formula – lenders vary across the industry.
It really does come down to the specific circumstances – how long the income has been received and how lumpy it is. Perhaps there was nothing last month, a lot this month and you don’t expect much coming in the following month.
We need to establish what’s sustainable. Talking to a broker will help build the case, show what figure is sustainable and get the lenders comfortable. You’ll feel more comfortable too about what you can afford to borrow.
What documents do I need to prove my income as a locum GP?
It tends to be the standard documents – starting with evidence of payslips or invoices, depending on whether the locum work is done via an NHS trust or via invoices to a GP practice.
The key thing is really how many payslips or invoices you have. The more, the merrier, as far as brokers are concerned. Ideally, we need the last three months’ bank statements as well, to show the income coming through.
All lenders and solicitors and brokers have to be able to identify clients under the Money Laundering Act, so we need documents to prove you are who you say you are. Finally, we need evidence of the available deposit.
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What is the minimum deposit for a mortgage as a locum GP? Do locum GPs get better rates with a larger deposit?
5% is realistically the minimum deposit. A few lenders are just starting to look at £5,000 as a minimum deposit, however, or indeed offering mortgages where there’s no deposit [information correct at the time of recording in July 2025].
Lenders price mortgages according to their perceived risk. If the applicant isn’t putting a deposit in, the risk is that much higher than with a big deposit. The more that lender feels at risk, the more they are going to charge for a mortgage.
So when they’re taking a bigger risk with a small deposit, they’ll be getting a decent return. With every additional 5% that an applicant puts towards a mortgage, lenders start to compete more with each other – which means the rates will start to drop. Every additional 5% deposit at the moment knocks 0.1% to 0.2% off the interest rate [as at July 2025].
How much can I borrow as a locum GP?
Potentially up to six times income is achievable, but it does depend on what level of income the lender is prepared to accept. The income for locums is not generally the same amount each month. And, if you go on holiday, you’re not working and there may be no invoices for that particular month.
You can potentially borrow up to six times your income, but it’s about the definition of that income. It will be whatever lenders feel comfortable is sustainable.
The flip side is your costs. If somebody has three kids all at private schools, that person will be able to borrow an awful lot less than somebody with no dependents or children at state school. Expenditure is equally as important as income.
To really know how much you can borrow, talk to an experienced broker. We’ll get to the bottom of realistic numbers for your circumstances at the time.
Can I get a mortgage with a low credit score as a locum GP? What if I have bad credit?
It really depends on how bad things are and the reasons for that low credit score. The key thing is to fully disclose any blips or issues you’ve had in the past, if any.
It’s worth downloading a full credit report if you have any concerns about credit score. A report from the three main credit reference agencies that lenders use is ideal for your broker.
It will help us see what’s achievable. If we can’t get you a mortgage right now, we’ll explain the steps you need to take to correct things.
At the moment, lenders are seeking to assist those with imperfect credit, but they are sensible. They don’t throw money around willy-nilly. So it’s about providing good evidence. Let’s say somebody has moved home and forgotten to redirect a mobile phone bill – that’s really not a big issue.
It may still be for lenders that are very automated, where a computer makes the decisions. But plenty of lenders still have underwriters we can talk to and explain why it’s not scoring so well. So in many situations you can still get a mortgage with a low credit score.
How does remortgaging work as a locum GP?
There’s no difference at all for a locum. In fact, it’s sometimes easier to arrange a remortgage if there’s no increase in the mortgage borrowing, as there’s a proven track record of servicing that mortgage already.
Lenders do generally need to be happy with the income and expenditure position, as well as the valuation and the type of property being offered as security. But there’s no difference for a locum GP remortgage compared to any other remortgage. It’s all very straightforward.
The lenders will have a look at the application, decide whether to lend the money and if so, they arrange for a valuation on the property. They appoint a firm of solicitors to get a redemption figure for the existing mortgage, and those solicitors then close the old mortgage down and start the new one off, when everybody’s happy.
Can I get a Buy to Let mortgage as a locum GP?
Yes. Most Buy to Let mortgages are driven by the rental income that the property itself generates, rather than somebody’s personal income level. Being a locum GP is not going to be an issue here. That also applies to holiday lets as well.
On those types of mortgages, lenders are focused on the value of the property and the rental income it will generate. In the background, we also need to check you’re not 100% reliant on the rental income from the property itself.
How can I improve my chances of being approved for a mortgage as a locum GP?
If you’re a First Time Buyer and you don’t have any credit, perhaps apply for and and use a credit card, and set up a direct debit to clear the balance in full each month. Make sure your credit history is as good as possible.
Increase the deposit if you can. If your family can assist with the deposit, that’s absolutely fine. If you want to borrow 95% and your income is irregular, it is going to be harder because lenders need to be entirely comfortable with everything. That comes down to your income, expenditure and the sustainability of your income going forward.
They’re a little bit more relaxed if there’s a slightly bigger deposit available. 10% plus would certainly improve your chances. But I’m not saying you need 10% to get a mortgage. It’s just that you increase your chances by having that slightly bigger deposit to help you.
You’ve demonstrated how a mortgage broker can help throughout this episode. Anything else you’d like to add?
If you are a locum GP, I suggest you talk to a broker that has a specialism in this and a history of dealing with locum GPs. They will then understand which lenders are more relaxed and which just won’t entertain a request.
If you talk to a broker with a decent amount of experience here, they will probably have some clout with a particular lender. They could get that lender to listen to a reasoned and balanced argument on why they should help, especially in unusual cases.
I’d like to suggest you contact Davidson Deem, because that’s where our experience is. But, if it’s not us for any reason, just talk to a broker that’s got that right experience to help you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST BUY TO LET MORTGAGES.