Mortgages for professionals

Professional Partnerships

Partners in professional partnerships do not need to provide full accounts to support their application. We will underwrite against an income reference supplied by the partnership’s accountant, a senior partner or practice manager.

The following professions are commonly established on a partnership basis:

• Qualified medical doctors and surgeons;
• Dentists;
• Solicitors;
• Barristers in chambers;
• Veterinary surgeons;
• Qualified architects;
• Qualified accountants; and
• Chartered surveyors.

Newly qualified dentists

As the final part of their training, dentists will complete 12 months employment within the NHS. At which point many will move to a private practice, often on a self-employed basis which can limit the availability of mortgage finance.

In these circumstances, we will underwrite applications from recently qualified dentists, subject to the following criteria:

• The maximum mortgage amount cannot exceed £450,000;
• The maximum loan to value is 90%;
• Your client must have been employed within private practices for a minimum of six months (monthly pay schedules to be provided);
• We will require a Professional Partners reference from the Practice Principle confirming the Unit of Dental Activity target and your clients earnings to date.

We can consider applications where your client is employed by two practices, however they will be subject to Credit Committee approval.