Locum Optician 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 Optician Mortgage
Brian Keane explains mortgage options for locum opticians.
Can I get a mortgage as a newly qualified locum optician? How does this work?
Yes, you can. It does depend on how long you’ve been locuming, because lenders want to establish a continuity of earnings. If you’ve only been doing it for a month, it’s not going to be easy to prove your ongoing earnings as a self-employed locum.
But once you’ve got three months into a locum contract, there’ll be lenders we can approach. The longer you’ve been doing it, the easier it becomes to get a mortgage. Once there’s six months, it opens up more options. When you’ve been going for 12 months, most lenders will be comfortable that there’s a good degree of continuity in earnings to look at.
What eligibility criteria do I need to meet as a locum optician to qualify for a mortgage?
Some lenders offer a special professional product, where ideally the locum optician would be registered with the General Optical Council – but not always.
If you’re not officially registered yet for whatever reason, it’s not a problem. We just won’t necessarily look at a professional criteria lender.
Instead, we fall back to general locum criteria, where we need to establish some continuity of earnings. The good news is that most lenders treat a qualified optician as a professional and are therefore keen to lend. Professionals have a low default rate and a good track record for growing their earnings over time.
Can locum opticians get a mortgage without a substantial deposit?
The key thing here is that 100% mortgages are just starting to reappear in the market. We’re recording this in June 2025 and more lenders are starting to consider this, which means you may not need a deposit at all.
One lender will also accept a flat £5,000 deposit, but ideally, if you can put 5% in of the purchase price, that opens up most lenders.
As ever, the more the deposit, the better the interest rate and the more options we’ll have available. Overall, getting a mortgage comes down to how long you’ve been locuming and the evidence of your income.
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How does the income of a locum optician affect the amount they can borrow for a mortgage?
Sustainability is the key thing. If an optician locum provides us with their last three months’ payslips and they’re all fairly similar, great. That’s fairly easy to prove as sustainable earnings going forward.
But perhaps a locum really put the hours in three months ago and had a huge payslip that month. Then they went on holiday for three weeks and hardly earned any income, and the third month was more normal. In that sort of circumstance, establishing continuity of earnings is pretty difficult.
Talk to a broker and give them the full story so we can explain the circumstances to lenders. We’ll see whether we can get them to take a pragmatic and common sense approach, or if we need to wait for a few more months’ payslips to show that continuity.
What factors do mortgage lenders consider when assessing the affordability of a mortgage for a locum optician?
We’ve touched on the income side of the picture, but all lenders look at the income less expenditure. What regular commitments are there? Is there a car loan, school fees or other regular costs?
When lenders are deciding how much they’re comfortable to lend, they look at that expenditure as well.
What documentation is usually required from locum opticians when applying for a mortgage?
This is pretty standard with any mortgage application. There’s a requirement for us, the lender and your solicitors to identify you under the Money Laundering Act, so we need your passport or driving licence, a recent utility bill or bank statement.
Then there’s proof of your deposit, if you’re putting one into the purchase. If it’s being gifted, we would need a letter or a form – lenders have slightly different requirements on proving where the deposit has come from.
We also need bank statements, probably for the last three months and three to six months’ payslips or invoices.
Can locum opticians with irregular income patterns get approved for a mortgage?
Yes – it’s really the continuity that lenders are looking at. If it fluctuates for whatever reason – illness, holiday, or to help build a deposit – talk to a broker and share the full background so we can disclose that to a lender. We can explain everything and try to get your case approved.
Do locum opticians have access to the same government schemes?
Yes. There are no issues here at all to be aware of.
How can a mortgage broker help? Anything else you’d like to add?
Even if it’s not Davidson Deem that you talk to, the key thing is to see a broker who knows the industry and perhaps specialises in professional clients. At the moment in June 2025, brokers are responsible for placing 80% to 90% of all mortgages in the UK.
A broker with the right experience and knowledge will know which lenders to approach and how to present that case. We have contacts that trust us and listen to what we have to say.
Don’t be afraid to tell us the full story, even if you’re not sure whether it’s relevant or not. Then we’ll know what the score is and can help accordingly.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.