Uncover the most suitable
mortgage options with our
tailored barrister mortgage services

Inexperience - new barristers can present a challenge to mortgage lenders. Financial institutions take a risk whenever they lend money, and they want to reduce that risk as much as possible. An excellent salary track record can convince banks to make funds available. However, newly minted barristers have only been in practice for a short time and so lack the requisite two or three years' worth of accounting records. We have lenders available who will offer enhanced income multipliers to newly qualified barristers, knowing their income trajectory is likely to be on a very sharp upward curve. They can also provide mortgages based on just one year's accounts.

Unpredictability - lenders have to be satisfied that barristers can afford the loan. Most barristers are self-employed, and their incomes are unpredictable and sporadic. Also, while gross earning receipts can be very high, the net figure and be significantly less when costs such as renting Chambers, legal subscriptions and travel are taken into account. A barrister's cash flow can also come under significant pressure with drawn-out cases. This makes it difficult for lenders to determine what size of mortgage commitment can be reliably serviced each month.

In addition to these difficulties, barristers are in high demand and extremely busy. Therefore, it is unlikely you will have the time to do the necessary research to ensure you get the right mortgage for your needs. Approaching a variety of lenders and comparing mortgage products are time-consuming processes.

In general, mortgages are always going to be available to qualified professionals in an elite industry. The big question is whether a barrister can borrow enough to purchase at the level they want.

Fortunately, there are solutions to all these challenges, which is where the assistance provided by Taylor James Financial Services comes into its own. Our experienced brokers fully understand the profession and have existing relationships with lenders who are familiar with the nature of your business, and will be able to:

• Identify lenders with the most favourable terms for a barrister in your situation.
• Secure the most suitable mortgage for your needs based on your specific circumstances and requirements.
• Compile all the required paperwork.
• Effectively present your record of earnings to match a lender's criteria.

• Manage the entire application process from start to finish and liaise with all of the relevant parties on your behalf. This saves you valuable time and allows you to focus on your day job.
• Be your trusted adviser for all of your financial planning needs, including advising on your pensions, investments and all of the necessary protection policies. This helps ensure you and your family continue to maintain the standard of living you enjoy, even if your income were to stop, for whatever reason.