How To Get A Professional Mortgage

At Fox Davidson, we specialise in securing high-value professional mortgages designed exclusively for qualified and trainee professionals. Our tailored mortgage solutions ensure you can borrow more, secure lower rates, and benefit from flexible lending criteria not available to the general public.

Who Qualifies for a Professional Mortgage?

To qualify, you must be in a recognised professional occupation. Below is a list of common professional occupations eligible for a professional mortgage:

Accountant | Barrister | Civil Servant | Dentist | Doctor | Pilot | Solicitor/Law Firm Partner | Vet

If your profession isn’t listed, get in touch – we may still be able to secure a specialist mortgage solution for you. Lenders will also accept applicants that are in trainee roles, such as trainee solicitors and accountants.

Mortgages For Professionals

When assessing a mortgage application, people with professional occupations are in a strong position as they should have a long and rewarding career with a high level of job security. It is for these reasons that mortgage lenders can have more confidence in offering higher income multiples, loan-to-value and being more creative with their lending criteria.

Professional Mortgage Benefits

There are many mortgage benefits available to applicants who are holding professional positions, some of which are:

Smaller Deposit Required

Mortgage lenders can lend up to 95% to professionals. It is also possible to secure higher loan-to-values for larger loans than would usually be possible. 

Mortgage lenders all have maximum loans for a loan-to-value, a typical one might be 85% loan-to-value for loans of up to £1m. As a professional you will be able to secure higher loan amounts at higher loan-to-value.  

Fox Davidson have successfully secured 90% lending on properties worth £3m plus.

Flexible Lending Criteria

Lending is all about risk. The less risk then the more flexible a lender can be in their approach to lending money.

Fox Davidson has successfully achieved lending for professionals by utilising income from pay increases and new job contracts several months in advance. We have also obtained increased loan-to-values by using 100% of overtime, unsociable hours and bonuses. We can also secure funding using bonus income from the previous 12 months, rather than applying an average across several years. 

We have obtained mortgages for professional foreign nationals and professionals on working visas, and it is also possible for us to agree lending for clients who have recently changed employment status (including moving from employed to partner status, or self-employed professionals that have recently incorporated their businesses).

Lower Interest Rate

As well as the already mentioned benefits of specific professional mortgages, applicants can also access a suite of exclusive professional mortgage products. These products carry certain benefits, such as exclusive interest rates and, whilst the rates may not always be market leading, they are often discounted compared to the lender’s standard product range.

Professional Mortgage Product Benefits

Some lenders will offer benefits to professional mortgage applicants, including free basic valuations, cashback on completion of the loan and discounted membership to group companies. These benefits are designed to reduce costs and offer incentives for professional applicants.

Flexible Mortgages

Professional mortgages will often allow you to make overpayments on your mortgage without incurring a financial penalty. It is typical for customers to be able to overpay up to 10% of the mortgage balance without penalty, even during a fixed rate period.

You can go one step further and take a truly flexible mortgage, one which has no penalties and allows you to offset savings – commonly known as an offset mortgage. We can secure mortgages for professionals which will allow you to offset savings against the mortgage, which is particularly attractive to anyone with substantial savings, or an applicant who is self-employed and saves their tax money.

By allowing your savings to offset against your mortgage, you can reduce your monthly payments or reduce your term.

Offset mortgages can be set up on a capital repayment basis or an interest-only basis.

Professional Mortgage Criteria

The criteria for professional mortgages states that you must be a trainee or qualified, registered and practising professional. 

Please see the list of the common professions on this page. Providing that your occupation is acceptable, you can expect the following professional mortgage criteria:

• Up to 95% loan to value
• 6 x income for eligible applicants
• UK resident including foreign nationals and professionals on spousal and work visas
• Lending on flats and houses within the UK
• Interest-only and capital repayment loans
• Fixed and tracker rates (with options for overpayments and offset facilities)

Fox Davidson: A Professional Mortgage Brokerage

With 50+ years of combined experience, the Fox Davidson team has worked with top brokerages before establishing our firm in 2013. Our expertise in securing high-value professional mortgages (£500,000+) and large loan financing means we provide tailored solutions that go beyond what’s available on the high street.

Why Choose Fox Davidson?

Exclusive access to specialist lenders: We work with private banks, building societies, and exclusive large-loan teams
Bespoke mortgage solutions: Higher income multiples, flexible criteria, and tailored financing for professionals
Seamless, hassle-free process: We handle everything from application to loan completion
We work around your schedule: Evening & weekend availability for busy professionals
Expert support from start to finish: Dedicated mortgage brokers, case managers & industry connections

Maximise Your Borrowing Power Today

Our well-connected team can fast-track your mortgage approval and introduce you to trusted surveyors and solicitors to ensure a smooth process. Whether you’re looking for a professional mortgage, large loan finance, or an exclusive high-net-worth solution, we’ll structure the perfect deal for you.

We have offices in Bath, Bristol, Exeter & London,  or you can work with us remotely via phone, email, and via our secure document portal.

Call 0117 989 7950 or email enquiry@foxdavidson.co.uk to speak with an expert today.

 

Frequently Asked Questions

What Is A Professional On A Mortgage Application?

Professional mortgages are products aimed exclusively to applicants working within a professional occupation. These include accountants, barristers, doctors, teachers & vets. 

How Much Can You Borrow With A Professional Mortgage?

Professional mortgages allow an applicant to borrow up to 6 x annual income. Lenders will lend to higher loan-to-value ratios and will be more flexible with their lending criteria for applicants with professional occupations. 

What Are The Advantages Of Professional Mortgages?

The advantages of a professional mortgage include higher loan-to-value, higher income multiples, flexible lending criteria and lower rates of interest. 

Can I Access The Professional Mortgage Range If My Partner Is Not A Qualified Professional?

Yes. As long as one of the applicants is a practising professional that falls under the mortgage lenders professional occupation list, you are eligible to apply for a professional mortgage.

Which Mortgage Lenders Offer Professional Mortgages?

There are several well-known high street banks that offer mortgages for professionals, including Scottish Widows and Clydesdale Bank. Other lenders include specialist building societies, private banks, challenger banks and some broker-exclusive lenders.

Can I Get A Mortgage If I Am A Newly Qualified Professional?

Yes. Newly qualified professionals can secure professional mortgages. Trainee accountants, trainee solicitors and junior doctors are all able to benefit from the professional mortgage range.