Before You Continue…

Our website uses cookies. By continuing to browse the site, you are agreeing to our Privacy Policy.

OK - continue
logo
Search for mortgage help
CALL US:  023 8098 0304
Mobile menu bars Close mobile menu
mortgage calculator mortgage calculator
request a call back Request a Callback
email us info@themortgagehut.net
call for mortgage advice chat online now
Search for mortgage help

Specialist Mortgage Help

  • First Time Buyers
  • House Mover Mortgages
  • Bad Credit Mortgages
  • Remortgaging
  • Equity Release
  • Self Employed Mortgages
  • Buy to Let Mortgages
  • Expat Mortgages
  • Commercial Mortgages

Useful Links

  • Home
  • Contact us
  • Mortgages
  • Mortgage Insurances
  • About Us
  • Customer Reviews
  • Refer a Friend Scheme
  • Expert Articles
  • News
  • Sitemap
  • New Build Mortgages
  • CIS Mortgages Explained

Privacy Settings

  • Privacy Policy

Mortgages for Medical Professionals

  1. Home
  2. Expert Articles
  3. Home Mover Mortgages
Whether it is working for the NHS or locum work in the private sector, getting a mortgage when you are a medical professional working with irregular shifts, multiple sources of income or complicated finances tied up in partnerships can be an obstacle. Specialist mortgage providers offer a range of top rate mortgages tailored to fit, available alongside advice and expert knowledge from The Mortgage Hut.



The problem with shift-led work and mortgages

One of the key factors that has long governed mortgage applications is having a stable income. Traditional jobs that provide a uniform monthly salary can still seem to have an advantage when it comes to buying a house, leaving those who have a less predictable income behind.

It only looks bleaker when you need to account for multiple income streams, from 'on the side' locum work, for example. Non-specialised mortgage lenders can discount this additional money, leaving you short on paper despite being fully solvent in reality.

Thankfully, a rise in the past decade of specialist mortgage lenders and advisory services like The Mortgage Hut means it is possible to a suitable mortgage no matter how complicated your circumstances - great news for those who work in the medical profession!

Mortgages for nurses and midwives

Nurses and midwives often work with shift patterns, claiming overtime bonuses and other additional payments - you may also hold two independent positions, one with the NHS and a second through a private nursing agency.

Our experts are fully understanding of these more complicated situations and will work with you to provide a full overview of your finances so that the details on your mortgage application are more than sufficient to make a clear presentation to the lender.

Positively, like many roles in the health industry, nurses working for the NHS are considered to have very stable positions and specialist mortgage lenders take this information into account when determining suitability. With this in mind, many mortgage lenders will stretch the standard four-times salary (4x) when determining the upper limit for the mortgage and will often offer 4.5x and 5x mortgages.

Mortgages for doctors

It is becoming ever more frequent that doctors incomes are more complicated than a simple single salary. When working in a practice, doctors are often partners of a LLC, using drawings in addition to salary to calculate a complete income.

While some traditional lenders are unwilling to take these extra earnings into consideration and set limits based on the set salary value only, specialist mortgage lenders who work daily with people in healthcare have dedicated and personalised underwriting that provides flexibility and allows them to view a more complete picture when determining factors such as affordability and mortgage ceiling.

Through The Mortgage Hut, you will be able to select from the finest mortgage deals appropriate for you, with thresholds more applicable for your true income.

Mortgages for hospital workers

At The Mortgage Hut, we know that it's not just the doctors and nurses who can sometimes struggle to get a suitable mortgage. Everyone in the medical industry can find themselves working to erratic schedules and under complicated contracts - our service isn't limited to just the headline workers!

No matter your position within the health service, we know you deserve the best deals to buy your home and will work to provide a first class service and get you those elusive top-quality mortgage offers.

The advantages of a specialised mortgage for medical professionals

By working with The Mortgage Hut to get a specialised mortgage you gain access to a wide range of hundreds of mortgage products from tens of appropriate lenders. We can help with:

  • Mortgages for trainee doctors and nurses

  • Flexible mortgages for shift workers, considering overtime, unsociable hours and other forms of irregular pay levels

  • Mortgages for the self-employed, or those who work on short-term contracts

  • Agency based contracts and income

  • Full income mortgages for those with multiple positions or non-salary based income

  • Higher mortgage thresholds taking into account all avenues of income

Advisors who understand the healthcare service

At The Mortgage Hut, our specialist advisors are here to help you get the mortgage deal that's a perfect fit for your circumstances. Our team are experienced in dealing with the complexities that may arise from your work, and have helped hundreds of medical professionals successfully obtain a mortgage superior to their expectations, with lower interest rates and higher value than can be obtained alone.

We also work around your working schedule, arranging meetings to suit your working hours and never expecting you to take time off for an inconvenient consultation. Our staff are here for you throughout the process, from the initial enquiry through to completion and that fantastic day when you unlock the door to your new home.

Removing the obstacles - medical professional mortgages with The Mortgage Hut

There should be nothing between you and your mortgage, and we at The Mortgage Hut work to make sure that's exactly so! By working with us from an early stage, you can get the advice you need from the beginning to make sure the journey is as smooth as possible. 

We can advise you on suitable deposits, help you with any credit history concerns and explain the lender's criteria for affordability and stress testing so that even before you go to fill out the application, you know you're ready!

Take a quick look at how much you might be able to borrow with our mortgage calculator, or contact us directly for some impartial and free no-obligation advice. Fill out our contact form or call us today!



Managing Director Nicola Schutrups
Home Mover Mortgages Expert Article by
Nicola Schutrups (Managing Director)
The Mortgage Hut

Looking for a Mortgage?

Find out if you're eligle in a couple of clicks, with no hidden credit checks.

Get Started

Related Home Mover Mortgages Information

  • Mortgages for Single Parents
  • Can I extend my Interest-Only Mortgage Term?
  • Can I move house during the second UK lockdown?
  • Mortgages for Older People
  • Mortgages for Tier 2 Visa Holders
  • Non-Standard Construction Mortgages
  • Housing market is staying open during lockdown 3.0
  • Joint Tenants Vs Tenants in Common?
  • 10 Ways to Increase the Value of Your Home - The Mortgage Hut
  • Getting a Mortgage on Maternity Leave

Looking for a Mortgage?

Find out if you're eligle in a couple of clicks, with no hidden credit checks.

Get Started

Follow us on social media for updates

  • Like us on Facebook
  • Follow us on Twitter
  • See us on instagram
  • Watch us on YouTube

Contact The Mortgage Hut

Head office address of The Mortgage Hut
SOUTHAMPTON (HQ)
14 College Place
Southampton
Hampshire
SO15 2FE
Head office phone The Mortgage Hut
023 8098 0304
Head office email The Mortgage Hut
info@themortgagehut.net
Contact Us

The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

The Mortgage Hut Limited. Registered Office: 14 College Place, Southampton SO15 2FE Registered in England Number: 07629941

Contact Us

Important Information

  • The guidance and advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.
  • Some products are not regulated by the Financial Conduct Authority.
  • Please note that The Mortgage Hut is not responsible for the accuracy of the information contained within any linked sites accessible from our website.
  • Your home may be repossessed if you do not keep up repayments on your mortgage.
  • There may be a fee for mortgage advice.
  • The actual amount will depend upon your circumstances.
  • The fee is up to 1% and a typical fee is £748.

Data Protection & Privacy

You voluntarily choose to provide personal details to us via this website.

Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998.

You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

When you use our website, we access your device/computer to set cookies and collect data.

We do this so it works, is secure and delivers the best browsing experience.

We also collect data to study how people use our site and help us improve our services and tailor our marketing.

For more information see our Privacy Policy.

back icon
close icon

Specialist Mortgage Advice

Mortgage Advice

Mortgage Advice
Get Started
Mortgage Advice

Mortgage Advice

Remortgage Advice

Remortgage Advice
Get Started
Remortgage Advice

Remortgage Advice

Buy to Let Mortgage

Buy to Let Mortgage
Get Started
Buy to Let Mortgage

Buy to Let Mortgage

Is the mortgage for your home or a business venture?

Residential Button Residential Hover Button
Buy To Let Button Buy To Let Hover Button

Are you buying or remortgaging?

Residential Button Residential Hover Button
Buy To Let Button Buy To Let Hover Button

Have you found a property yet?

Yes Button Yes Hover Button
No Button No Hover Button

Is the property house or a flat?

House Button House Hover Button
Flat Button Flat Hover Button

What is the property’s estimated value?

£

Deposit amount or equity?

£

Have you got any adverse credit?

Yes Button Yes Hover Button
No Button No Hover Button

What types of adverse credit?

Next Button Grey Next Button Blue Next Button White

What is you combined annual income (before tax)?

£

Sourcing Mortgages…

Nicola Arbon

“There's a reason why over 500 clients rate us as Excellent.”
Nicola Arbon, Managing Director and Mortgage Guru

Green Tick

Congratulations, we've successfully found you multiple mortgage options.

Next Button Blue Next Button White

Please enter your name to send you the results

Please enter the best email to send you the results

What is the best number to reach you on?

What day & time best suits you?

Next Button Blue Next Button White

Thank you

logo

A member of The Mortgage Hut team will review your enquiry & we’ll be in touch to discuss in more detail & to advise on the options available to best suit your needs.

Head office phone The Mortgage Hut 023 8098 0304