"Trust me I'm a doctor!" - But can you get a mortgage?

After finishing an arduous 5 year training contract many doctors are fed up with the daily grind of the wards and hanker after a bit of a change. Locum work is the answer for many who don't want to join a GP practice and it seems like a good option. Flexible hours and an opportunity to do a bit of after hours work are two of the main benefits. There can be drawbacks however if you want to buy your own place to rest your head after a bout of after hours.

Not all lenders like a doctor. For many you are simply seen as self employed and will need two years accounts so you need to be careful which lender you approach. It could take you days before you find the needle!

You will need some sort of track record as a locum but as long as you have done your training you will have sufficient past experience to pass muster with the lenders. As with all borrowers who do not fit into the generic mortgage funnel of the employed, it pays to be organised so don't think that lenders will be falling over themselves just becuase you used to wear a white coat! You need to be organised with bank statements, accounts and the usual SA302s. Begley Brown have helped numerous locums find the right mortgage even after a short time off the wards. So if you need some advice on getting a mortgage as a locum then drop me an e mail and we can have a chat.

Click to email Jonathan