We specialise in mortgages for new GP Partners
Have you recently joined, or are you about to join an existing GP Practice as a General Practitioner Partner?
Do you now need to move home?
Struggling to get a mortgage?
We can assist.
Mortgages for GP Partners ‘Day One in Practice’
We specialise in mortgages for Doctors and have been assisting newly appointed General Practice Partners for many years. As a result we can arrange mortgage funding for GP Partners where you have minimal or sometimes no self employed history. In fact, when we arrange a mortgage offer for you, our lenders or not put off by your time as a GP Partner – this means ‘day one in Practice’ mortgages are possible
How long does it take to get a mortgage decision in principle for a GP Partner?
We can arrange a mortgage decision in principle for a GP within one working day. This is because our online systems make it easy to transact business with us with no meetings, no paperwork, and no hassle.
Competitive mortgage rates
Our lenders are major players in the market and offer mortgages to newly appointed GP partners at mainstream rates meaning you do not pay extra for your limited self employed history. Rates available to GP Practice Partners through our specialised Doctors Mortgage Service include:
- Rates from 1.20% with 25% deposit
- Rates from 1.75% with 15% deposit
How do I prove my income as a GP?
We usually obtain a reference from the Practice Manager or Senior Partner. Lenders can also work on references from the Practice Accountant. The reference will be set our in a format provided by our Team which we know gives the Lender the information they need to say ‘yes’.
The information on the reference will include:
- Your start date as a Partner in the Practice
- Your share of the Practice
- Your level of parity
- Practice profit in recent years
- Your expected income in the coming year
What else will I need?
If you have been a Partner through the end of a tax year and a self assessment return has been submitted, Lenders will want to see a copy of your Tax Calculations and Tax Year Overviews. They also like to see copies of your last P60 and your P45 from your previous employed position.
How much deposit will I need?
We can arrange lending up to 85% loan to value meaning you will need a minimum 15% deposit. This can come from your own funds or from a family gift?
How do I get started?
The simplest approach is to have a brief conversation with one of our GP Mortgage Specialist Brokers who will confirm we can assist.
What if I am already an established GP Partner?
We can also assist established Doctors who have other complications on their mortgage application, or are simply looking for a good service and competitive mortgage rates.