Specialised mortgage advice for Vets
We specialise in arranging mortgages for Veterinary Surgeons. Like many of our Professional applicants, vets often find that arranging a mortgage is far from the straightforward process they had expected.
Our aim is to smooth the way and take as little of your time as possible to arrange the lending you require.
When you are working as a locum, lenders will consider you self-employed. This can cause problems with a mortgage application, not least because most lenders require proof of three years income from self-employed applicants.
When working as a Locum Vet, it is common for our clients to dip in and out of locum work to suit their lifestyle or training obligations – this does not fit with the two year history requirement.
We have lenders and understand this, and will, as a result, work off of limited periods of locum history.
New in practice?
If you have recently joined a Practice as a Partner, mortgage lenders consider you newly self-employed. This would mean you would be unable to get mortgage lending for at least 24 months with High Street lenders.
If you have joined an established Practice as a Partner, we can arrange lending within your first 12 months in the role.
Just short of lending?
Sometimes, we find that our Professional clients have one partner whose income is acceptable to lenders whilst the other partner’s income is discounted due to insufficient time trading self-employed.
Where that second income is needed, just to top up a gap on affordability, we have lenders that will assist.
Save time and money
As a busy professional, it is difficult to find time for meetings to arrange mortgages.
We strip all the time load and hassle out of the process through our online systems that enable you to transact with us at a time convenient to you – this saves you both time and money.