Jump to a section
Professional mortgage products are aimed at borrowers in certain professional employment. Lenders use their own affordability calculations to assess how much they will lend; some offer enhanced calculations and favourable rates specifically to professionals. Lenders assess each application individually rather than sticking to a rigid formula, therefore mortgages for professionals are based on each applicants’ personal circumstances.
Searching for the perfect mortgage that suits your personal circumstances, if you’re a professional, can be difficult. You may find a better deal if you shop around, and ultimately save a lot of money. If you are a professional and searching for a mortgage, Friends Capital will review your personal circumstances and then search the entire market to ensure you get the best mortgage deal possible. We will then deal with all the paperwork, submit your mortgage application, liaise with your mortgage lender and solicitor, and ensure that your mortgage application is completed as quickly as possible. We can:
You are classed as a professional if you’re 21 or over and a fully qualified, practicing and registered in the following areas:
or if you are classed as a high earner with income over £75,000 per year.
Many lenders will offer you a better mortgage deal if you work in certain professions because they are often viewed as lower risk. Your qualifications, predictable career progression, and reliable income makes you a much safer applicant, statistically, than other applicants. Therefore, some lenders choose to offer better deals to attract more of these types of borrowers. Mortgages for professionals can result in:
Friends Capital have pre-existing relationships with lenders that welcome professional applicants. We can search the entire market and get access to the best and most exclusive mortgages for professionals deals available. Then we will choose the deal that are most appropriate to your personal circumstance. We can:
One of our friendly advisors will either call you back within 24 hours (usually the same working day), or will take details from you in order to best deal with your situation.
When you speak with us, we will take a ‘fact find’. At this stage we take basic details about your situation. We will then search the whole of the market and find you the best deal available.
If you are happy with the deal that we offer, we will then contact the lender for you and get you what is called a ‘decision in principal’.
If you’re happy with the decision in principal then we will secure this deal for you and deal with the application for you on your behalf.