First Time Buyers Mortgages
Professional Mortgages
How Professional Mortgages or
Mortgages for Professionals Work
This
mortgage gives first-time buyers training to become a solicitor, actuary or
accountant, favourable borrowing terms
. To keep repayments low the loan
can also be taken over 45 years. First-timers already practising as an
architect, doctor, dentist, surveyor or vet may also qualify.
Professional Mortgages Advantages
Many
first-time buyers have the potential to earn a high salary but haven't started
yet. A professional mortgage takes this into account upfront, saving on the
costs and inconvenience of stepping up a rung of the property ladder later down
the line.
Professional Mortgages Disadvantages
Studying
for these kinds of roles is expensive, so unless you are comfortably funded, a
professional mortgage could see you stretched financially.
There is a
risk that you might want to leave your training or make a career change further
down the line – but your mortgage will be conducive to a higher salary.
Lenders Offering Professional
Mortgages
Scottish
Widows offers 110%
LTV
to borrowers qualified in certain professions.To be sure of most up to date offers, seek mortgage advice.
Professional Mortgages Advice
Seek mortgage advice about professional mortgages and other first time buyer mortgages.
Features, advantages and disavantages of specific first time buyer mortgages:
100% Mortgages l High LTV Mortgages l Graduate Mortgages l Professional Mortgages l Mortgages with Parents l Guarantor Mortgages l Family Offset Mortgages l Mortgages with Friends or Family l Mortgages at University l Rent a Room Mortgages l Affordable Mortgages l Interest only Mortgages l Part Repayment Part Interest Mortgages l Interest-free Start Mortgages l Shared Ownership Mortgages l Poor, Adverse or Poor Credit Mortgages l Key Worker Mortgages l Shared Equity Mortgages l 30, 35, 40 Year Term Mortgages