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Arranging mortgages for doctors can be difficult because of the LLP status of practices, with income made up of unpredictable drawings rather than a guaranteed income.
John Charcol is an expert in helping doctors to secure mortgages. We typically approach more flexible lenders who we know are willing to take a broader view than many standard mortgage providers.
Doctors’ practices are Limited Liability Partnerships (LLPs), which means that doctors take their income as drawings. Many doctors taking up a post for the first time may have come from the NHS. Others may combine locum work with private practice. The result can be a complex source of income that won’t meet the usual requirement of a standard mortgage application.
As mortgage experts with years of experience, we have helped numerous doctors, vets, dentists, solicitors and other partners in LLPs to secure mortgages that have been refused by standard providers.
We’ll make an individual case for your precise circumstances and then approach smaller building societies, private banks and other reputable lenders we know who are prepared to take a more flexible approach.
This might include:
To find out how we can help with mortgages for doctors, dentists, vets, solicitors and other LLP partners, call us on 0344 346 3672 or enquire now.
Send us your details and we will help find the mortgage that's right for you:
We can take your previous earnings from the NHS and projected partnership drawings to make a personal case for you.
It’s still possible to secure a mortgage, but we may need to base it on your locum billings.
At Charcol we’re used to working with high net worth individuals who are under real time pressure. That’s why we come to you and fit in with your schedule.
We’re expert at arranging this kind of mortgage, making the best of low rates of borrowing with capital payments when bonuses, dividends or profit share is available.
Unlike high street lenders we’re fast and nimble, so if you need us to talk to an Estate Agent or make things happen fast to secure a particular property, we’ll do everything we can to make that happen.
Yes. At John Charcol our consultants are all experienced independent mortgage advisers. We often arrange mortgages for doctors through reputable private banks and investment houses who have much more flexibility on who they lend to and how much they will lend.