Mortgages for Law Firm Partners

Fox Davidson are an award-winning mortgage broker. We specialise in secring bespoke mortgage solutions for profesisonals including mortgages for law firm partners.

We work with many of the UK’s largest law firms and are recognised for our ability to secure funding for newly appointed partners, utilising projected earnings and securing enhanced income multiples for high net worth clients.

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.

Mortgages for law firm partners – Assessing 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 law firm. Income is declared via self-assessment and therefore lenders will treat you as self-employed. Traditionally, high street banks require three years’ proof of income.

At Fox Davidson we work with our clients to secure finance using just one year’s income and less for new law firm partners. Where there has been a large increase in the latest year’s income, we can utilise lenders that will work from the most recent year’s income only.

Working with lenders including private banks and high street banks that have specialist criteria for law firm professionals can allow us to secure bespoke terms for the right clients.

Foreign Income & Expats.

Many of our clients are based abroad or receive their income and/or bonuses in a foreign currency. In this instance, the number of lenders willing to lend is reduced. Fox Davidson work with lenders that will recognise income paid in euros, dirhams, dollars, and many of the world’s other major currencies. In addition, we work with British expatriates based across the globe to secure mortgages for law firm partners living abroad that wish to mortgage property in the UK.

Mortgage terms for Law Firm Partners

  • Lending of up to 100% 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 times income
  • Fixed and floating rates
  • Products with no early repayment charges and minimal setup costs

To discuss your mortgage requirements with one of the team at Fox Davidson, please do get in touch. We look forward to working with you.