Professional Mortgage

Do you hold a professional qualification, or are you training for one? If so, you may be able to borrow more with our Professional Mortgage.

A Loan to Income ratio is the amount you can borrow compared to how much you earn. This is used for assessing the monthly payments you can afford. Our Professional Mortgage allows you a higher Loan to Income ratio compared to our standard mortgages, so you may be able to borrow more - helping you get onto the property ladder, take that step up or remortgage your existing home.

Take a look at our current range of mortgage products below.

Who can apply?

When applying, at least one of you must hold an acceptable qualification (or currently be training for such a qualification), and work within the field relating to that profession. For fully qualified professionals, you must have received their qualification within the last 10 years.

You will need to supply evidence that they hold an acceptable qualification (or are training towards this).

The Professional Mortgage is:

• Only available for a maximum of two borrowers, and both borrowers must occupy the property
• Only available for Owner Occupier
  
• Not available on a Joint Borrower Sole Proprietor (JBSP) basis
• Also available to self-employed applicants (considered on a case-by-case basis)
• You can apply if you are aged 18 or over.

List of acceptable qualifications for the Professional Mortgage:

How do I apply?

• Step 1 - Start by contacting our New Business Team on 03330 609 818 or by using the Request a call back form. They’ll go over some basic information with you including how much you would like to borrow and what for. They’ll need to know about your income and outgoings to make sure you can afford the mortgage and they’ll check that the mortgage meets our lending criteria.
• Step 2 – After our New Business Team have reviewed your circumstances, they’ll refer you to our Mortgage Advice Team who will go through your circumstances in detail and recommend a suitable product. This advice is free of charge from our in-house team, or you can choose to use your own adviser (they might charge you for this).
• Step 3 – Submit your application along with any supporting documents (there is a list of what’s required on our application form) and the £175 Application Fee along with any valuation fee which may apply. There will be further fees associated with the product selected.
• Step 4 – Once the application has been assessed a valuation will be carried and then it will be underwritten and we will provide you with a Mortgage Offer. A copy of this will also be given to your nominated Solicitor who will contact you with some forms to be completed.
• Step 5 – Once your nominated Solicitor has carried out the necessary searches and received the forms back from you we can arrange to send you the funds (this is called “completion”).