Fox Davidson are an award winning property finance broker. We secure mortgages for law firm partners wishing to finance property in the UK. We specialise in mortgages for law firm partners borrowing upwards of £250,000.

Mortgages for Law Firm Partners are a specialist area of lending. We work with clients based both in the UK and abroad. Our repertoire of lenders includes private banks, high street banks, building societies and broker exclusive mortgage providers.

Assessing your income.

One of the main complexities in sourcing property finance for a law firm partner comes from the fact that typically a law firm partner will have a small percentage holding in the parent company. Profits are distributed and reported to HMRC by the partner via an online tax return. This method of income means that you are classed as self-employed by the mortgage lenders.

Traditionally high street banks required 3 years proof of income, however, fox Davidson can secure finance using just one years income. Where there has been a large increase in the latest years income we can utilise lenders that will work from the latest years income only.

We can secure finance using just one years tax return or we can utilise the income from the latest year only, this is very helpful where the latest year is substantially higher than the previous year and averaging the 2 years would be detrimental to the amount that can be borrowed.

Foreign currency income and UK national’s resident abroad.

Many of our clients are based abroad or receive their income or bonuses in a foreign currency. In this instance the number of lenders willing to lend is reduced. Fox Davidson work with lenders that can will recognise income paid in euros, dirhams, dollars and many of the worlds other major currencies. In addition, we work with British expatriates based across the globe to secure finance on commercial and residential property in the UK.

What are the terms for mortgages for law firm partners?

  • Lending of up to 95% loan to value
  • Property funded across the UK
  • Interest only options to 85% loan to value
  • Bespoke underwriting
  • Market leading rates
  • Lending of up to 6 x income
  • Fixed and floating rates
  • Products with no early repayment charges and minimal set up costs

To discuss mortgages for law firm partners with one of the team at Fox Davidson, please do contact us. For face to face mortgage and mortgage protection advice we have offices in Bristol, Bath, Exeter and London or we can work by phone and email.