Increase my budget
Buy my first home
Buy with a guarantor
Help someone buy
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On your own
Boost your buying budget without a loved one’s help.
Boost your buying budget with the help of family or friends.
Build a house deposit using a loved one’s existing property.
Part Buy, Part Rent
Buy a share of a home and pay rent on the rest.
Buy a home with a repayment mortgage
Increased borrowing for first-time buyers
Increased borrowing for professionals
Co-buy with friends or siblings
Buy a new-build home with a 5% deposit
Armed Forces Help To Buy
Borrow up to £25,000 as an interest-free loan
Skipton Track Record Mortgage
Use your track record of paying rent to get a 100% mortgage
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On your own
Whether you're a vet, doctor, lawyer or accountant, you could borrow up to 5.5 times your salary, significantly increasing your total buying budget.
Professional mortgages are offered by some mortgage lenders to those who work in 'professional' lines of work, such as nurses, doctors, lawyers or accountants.
Lenders are comfortable to let these buyers borrow more as they see them as lower risk, e.g. more likely to remain in work and/or enjoy salary increases. Increasing your borrowing from the typical 4.5x income to 5.5x income can boost your budget by up to 20%.
All mortgages have risks and benefits. Here are some key things you should know before applying for a Professional Mortgage.
Increase your buying budget, even on a low income
With a standard mortgage, lenders typically let you borrow between 4-4.5 times your income. With a Professional Mortgage, you can borrow more, even on a low income. This is because lenders take into consideration future pay increases in your career.
Enjoy increased borrowing with a 5% deposit
If you are purchasing a pre-owned property with a Professional Mortgage, you only need to put down a 5% deposit. This can be extremely helpful for first time buyers who may only have a small house fund saved up.
Boost your budget without outside help
Many buyers turn to a guarantor for support if they can’t borrow enough. With a Professional Mortgage, you won’t need to involve any family members or friends to reach your desired budget.
You must meet the professional role criteria
To be eligible for a Professional Mortgage, you must have qualified in the last ten years, be registered with the appropriate UK professional body and work in a field related to your profession.
Poor credit could impact how much you can borrow
If you have adverse credit, depending on the severity you may have fewer lenders willing to lend to you, and be offered a smaller income multiple.
Non-professional applicants won’t qualify
If you are buying with another person who does not work in a professional role, they will only be able to borrow 4-4.5 times their salary. For example, if you are a doctor and earn £50,000, and your partner works in marketing and earns £30,000, together you could borrow up to £410,000.
Get into your very own home in 4 simple steps
In under 10-minutes we’ll check your eligibility for a Professional Mortgage as well as our other buying schemes. Plus you’ll get a personalised mortgage recommendation including interest rates and repayments.
Book a call with our mortgage experts to complete the qualification process. We’ll cover any questions you have about Professional Mortgages and any other schemes.
Once you’ve found a property, your dedicated advisor will undertake full affordability and submit a Decision in Principle with your chosen lender. Once accepted, we’ll submit a full mortgage application for you.
Once you’ve found a property, we’ll prepare & submit your mortgage application. We’ll liaise with the developer or seller and your solicitors to ensure a smooth purchase.
Explore our other buying schemes to see alternative ways to get on the ladder
On your own
Borrow up to 5.5 times your salary to boost your buying budget.See details
With a guarantor
Boost your deposit with help from family or friends in return for a share of your homeSee details
Part buy part rent
Buy a share of a home, then pay rent on the rest. Over time, buy more of the home till you have full ownershipSee details
Confused about mortgages? Read our guides for expert tips on saving, buying and the market.
You can be snug in your very own home in 4 simple steps