Doctor Mortgages

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The unique challenges of being a doctor

As doctors are generally well-paid and admired, most people assume it would be really easy for them to get a mortgage. If you’re a doctor or have a similar job in the medical profession, however, you’ll know that there are some unique challenges involved with being a doctor.

For example, you’re more likely to have more than one employment type, and many of these are seen as less stable. Self-Employed, temporary contract workers, trainee and locum doctors will all have a harder time proving their income, which can make getting a mortgage more difficult. Higher student debts can also have an impact on your credit score, especially before you have your first fully qualified position and can’t afford to pay it off. This can make lenders more cautious when they’re deciding how much to lend you.

Can these challenges be balanced out?

Fortunately, as I’m sure you’ll know, doctors are one of the most trusted professions out there, which means that the stumbling blocks mentioned above won’t be as much of an issue as they would be for other mortgage applicants with similar circumstances.

Newly qualified doctors

As a newly qualified doctor, you won’t usually need to have been in continuous employment for a minimum period before making a mortgage application, whereas others will need at least twelve months in the same role first. In fact, as long as you’ll be in paid employment within six months, you can apply for a mortgage before you even start a job.

Trainee and junior doctors

If you’re a trainee or junior doctor, you can often benefit from your chosen job title too. Most  lenders are happy to use your future, fully qualified salary to work out how much you can borrow. If you have a contract promising a more senior position, then this puts you in an even better position.

Self-Employed doctor or medical professional

Self-Employed mortgage applicants will usually need to show at least three years of certified accounts with their mortgage application. As a Self-Employed doctor, however, you will only need to show one year’s worth.

Locum doctors

Locum doctors will probably find it more difficult than other doctors to get a mortgage. Thankfully, though, some specialist mortgage lenders can help locum doctors, speak to our brokers to find out which of them will be able to help you.

How do doctors prove their income?

Mortgage lenders are usually more flexible with doctors when it comes to providing proof of your earnings. Exactly what type of proof you need will vary depending on your employment type. We can help you with which documents you’ll need to provide.

How much can doctors borrow?

Being a doctor doesn’t necessarily mean that you can borrow more or less than anyone else, but the higher average income will help with your mortgage. Each lender has its own way of calculating a mortgage, but this will be based on between three and five times your salary. Your credit score will also be considered to make sure that you are a reliable borrower.

It’s worth noting that if you approach lenders who specialise in mortgages for doctors, they may be able to offer you a higher loan than other lenders. We can help you find the lenders who offer this type of perk.

Do I get NHS mortgage discounts?

As a doctor, unfortunately you won’t usually qualify for discounts and mortgage deals that are offered to clinical staff, even if you are employed by the NHS. You are able to apply for other home ownership schemes, however, which can make it easier to get onto the property ladder.

Home Ownership Schemes

Help to Buy scheme

This scheme allows you to buy a new-build home up to the value of £250,000 (£450,000 in Greater London) through the use of a government equity loan. This loan tops up your deposit, but you’ll need to find the first 5% yourself. This can make it easier to get accepted for a mortgage because you’re offering more deposit than you would usually be able to afford.

Shared Ownership

This shared ownership scheme is great for people on a lower income. You can purchase a percentage (usually 25-75%) instead of the whole property. This means your deposit and repayments on your mortgage will be quite a lot less than if you buy a property outright. Remember that you will also owe rent on the part of your home that you don’t own.

Right to Buy

If you’re a local authority or housing association tenant, you can sometimes buy the home you’re living in through the right to buy scheme. Properties are offered at a very reduced price, which means it’s easier for you to be accepted for a mortgage and you’ll have smaller repayments to make.


If you’re interested in buying a new-build home, you may be able to use the NewBuy scheme. It offers 95% mortgages at mortgage rates which are about 25% lower than a standard mortgage.

How can a Vivid Mortgages Help?

At Vivid Mortgages, we understand that doctors are very busy and we want to make the mortgage application process as smooth as possible for you. Finding the right lender can be tough and take up lots of your valuable time. Our Mortgage Brokers offer doctors expert advice and have access to those specialist independent lenders who offer better deals for doctors. We can also handle the admin for you and keep you up to date with the whole process, to save you time and stress.

Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.  

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