What's new in Mortgages
Want a mortgage this year? Be prepared for a battle!
Since June 2017, applying for a mortgage has got harder and fewer new mortgages have been approved. What has changed…
Buying a holiday home: A waste of money but I want one!
There are so many things in life that are better rented than owned – skis, boats, jacuzzis. Surely holiday homes…
Should you be fixing your mortgage before rates rise?
This world of low interest rates is a blessing for anybody with a mortgage. Indeed, many doctors and dentists with…
The interest rate-inflation effect
Are you a home-owner with a mortgage, a retired medic trying to live off your pension income, or simply a saver trying to put funds…
How to help your children get onto the property ladder
The “Bank of Mum and Dad” (Bomad) has unofficially become the UK’s 9th biggest mortgage lender, with parents gifting or…
4 more nails in the buy-to-let coffin
Calling all buy-to-let landlords. The new tax law that comes into force in April 2017 isn’t the only nail in…
5 ISA changes doctors and dentists need to know about
Are you desperately trying to save for your first home or, at the other end of the spectrum, so that…
5 tips when buying a dental practice
Buying a dental practice and saying goodbye to the relatively worry-free days of being an associate is a big decision….
Lifetime ISA: What’s in it for me?
The Chancellor’s Budget U-turn on pension tax relief changes wasn’t the only surprise he had up his sleeve; he also…
Lifetime ISA: 10 key facts for medics
In his 2016 Budget, Chancellor George Osborne announced the introduction of a Lifetime ISA. What is this new type of…
The Government’s giving away cash to first time buyers!
Are you saving for your first home or do you have children wanting to get onto the housing ladder? From…
How HMRC is helping you borrow money
It seems that the HMRC are moving even further into the digital age! For those who are self-employed, trying to…
Another nail in the coffin for rental property
Are you a landlord with a mortgage on your rented out property? If you are, even basic rate tax payers…
What’s The Best Mortgage Deal?
There’s a seemingly endless number of mortgages available. Each offers a different rate, on different terms, with different fees.
Impartial mortgage advice specifically for doctors and dentists
Answers
Whether you’re a first time buyer, a seasoned property owner or a buy-to-let investor, buying a property is likely to be the largest purchase you make in your life.
From the vast array of options available, it’s vital you have the right mortgage for you; not just based on the rate, but also on your individual requirements, the state of the current market at any given point, and the complexities of your profession.
Consultants
Various income factors including additional programmed activity and private practice need to be considered.
Hospital Doctors
Both your basic pay and your on-call pay need to be taken into account.
Dentists
Your income may be partly or wholly from a self-employed basis.
Locum Doctors and Dentists
Your self-employed status, not having a history of accounts and no permanent contract needs specialist knowledge and expertise to avoid problems getting a mortgage.
GPs
Some self-employed GPs can encounter issues getting a mortgage, particularly if they have recently joined a practice and don’t have historical accounts.
Doctors and Dentists with HSMP Visa
Securing a mortgage can be difficult for medical professionals from overseas.
Doctors and Dentists as Landlords
Buying a property as an investment, or because you’ve moved Trusts and want to rent your current property out, needs a buy-to-let mortgage that’s set up correctly to avoid unnecessary costs.
How we can help you
Legal & Medical’s independent financial advisers (IFAs) are able to research the whole of the mortgage market. That not only means our mortgage advice is impartial, it also means we have access to deals which may not be available on the high street.
Because we specialise in providing financial advice to doctors and dentists, we also know the nuances of your profession, the problems you may face in getting a mortgage, and the providers who look favourably on your position.
Get in touch to find out more
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Buy to Let Loans and/or Business Loans fall outside the remit of the FCA.