Doctor mortgages

As an experienced mortgage broker for doctors, we'll take the work out of your mortgage search, so you can concentrate on the house search

Mortgage solutions for doctors

Securing a mortgage as a doctor can be a very tricky path, especially given time constraints for most busy professionals. Where medicine is a walk in the park, mortgages can seem like being lost in a jungle for medical professionals. 

This is where doctor mortgage brokers like Cleerly can add value. Whether you’re looking to purchase a property or remortgage your current one, because we partner with lenders who provide bespoke underwriting, we can offer doctors and other medical professionals tailored mortgage products that can yield outstanding rates with income multiples up to 6 times gross annual salary. 

Our in-depth knowledge of the way in which doctors work allows us to expertly put together thorough mortgage applications. In fact, our specialist team of advisors have been helping junior doctors, consultants, GPs and locums to buy or remortgage their their homes for years. 

If you’re tired of being treated unfairly by high street banks and lenders, especially if you're a junior doctor being told you cannot borrow enough, you’ve come to the right place. Getting in touch with our mortgage specialists is easy – you can tell us a little bit about your background and receive quotes straight to your inbox using our quick quote form, compare potential mortgages using our online mortgage calculator, or just pick up the phone and give us a ring on 02394 212912. 


What is a doctor mortgage?

A doctor mortgage is a type of mortgage that has been specifically underwritten to suit the unique financial circumstances of doctors and other similar medical professions, including but not limited to: 

  • Junior doctors
  • Consultants
  • GPs
  • Dentists
  • Locums

A doctor mortgage can be used for both purchasing and remortgaging purposes.   


How to get a mortgage as a doctor

The best way to get a mortgage as a doctor is to use the services of a specialist dcotor mortgage broker. Through a broker, you will have access to both residential and buy-to-let mortgages, preferential borrowing rates (sometimes over six times your annual income), and both offset and interest-only mortgages. 

Once we’ve helped you to find a mortgage that best suits your financial situation, we’ll put together an extensive, detailed application to send to potential lenders. To do this, we’ll need documentation like: 

  • Payslips and P60 (if you're employed)
  • SA302 tax calculations (if any self-employed income is received)
  • Income and expenditure accounts (if you run a limited company)
  • Bank statements 
  • Potentially a letter from an accountant to provide projection of the current year earnings (again, if self-employed)

If you only have one year of accounts, as a self-employed GP for example, you should be able to ask your accountant for a letter containing a projection of your second-year earnings. We can also access lenders who are happy to work on just the first year of trading accounts for doctors.

First-time buyers

Getting a doctor mortgage as a first-time buyer

Through a doctor mortgage broker, doctors and other medical professionals can access mortgages with a 5% deposit, helping those who may have only been practicing for a year or so to buy a property that would have been out of reach with high street banks and lenders.  

Although the government’s Help to Buy scheme has come to an end, first-time buyer doctors can still put their Lifetime ISA savings towards the deposit of a house up to the value of £450,000.  

For those who are keen to get on the ladder but haven’t raised a large deposit, it’s also possible to apply for a doctor mortgage against a shared ownership property. Shared ownership properties give you the option of purchasing 25%, 50%, or 75% of the property, which means you’re only required to raise a deposit against the percentage of the property you intend to buy. There is the added bonus of certain shared ownership schemes that prioritise key workers when deciding who to sell to.

Why choose Cleerly as your specialist doctor mortgage broker

At Cleerly, we help you to unlock the door to your dream home. For doctors who are already property owners, we’ll ensure you get the best deal when it comes to remortgaging your property.

Doctors are exactly the target market for lenders. You are a highly qualified professional with an excellent income potential and high job security; so you should be able to negotiate the best terms, both for the amount you can borrow and the interest rate you pay. 

Our specialist advisors will take the stress and the unknown away from the process of applying for mortgage funding and with your time in short supply, we’ll work hard to ensure you get the best possible terms for your situation.

When you choose us as your doctor mortgage brokers, we’ll help you to:

Borrow against your real earnings, often up to six times your income figures

Take advantage of savings provisions by utilising offset mortgages to reduce the interest paid on your mortgage over time

Build a property portfolio, either personally or via Special Purpose Vehicle

Access competitive, market leading rates from high street lenders

Trusted lenders we work with

We're confident we can help you

Ready to get started?

To get the ball rolling with one of our doctor mortgage advisors, don’t hesitate to give us a call on 02394 212912 or request a call back. Alternatively, tell us a little bit about your medical background using our online quote form and we’ll send mortgage quotes straight to your inbox.

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