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 of up to 4.75 times income at 100% LTV. 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 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
Bradford and Bingley
Scottish Widows offers 110% LTV to borrowers qualified in certain professions.

Professional Mortgages Advice
To find out if professional mortgages are right for you, seek mortgage advice.

Features, advantages and disavantages of specific first time buyer mortgages:

100% Mortgages l Cashback Mortgages l High LTV Mortgages l Graduate 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