Medical professionals at all
career stages can benefit from
Taylor James mortgage services

Medical professionals encounter numerous problems when looking for mortgages. In addition to complex work patterns, a range of contract types and diverse career paths, they are also time-pressed, which can mean important financial decisions are not given top priority.
 
Trainee doctors - you could be a trainee doctor for ten years or more, which is a lot longer than trainees in many other professions. While finances can be tight in these early years and a mortgage seems like an impossible dream, the clearly structured pay bands of the medical profession can persuade banks to lend at increased multiples normally available to those not in your industry.

Newly qualified doctors and nurses – these medical professionals finish their studies with massive student debt and don't have proof of sustained regular income. Nor are they likely to have saved a sufficient amount for a deposit on their dream home. On the plus side, lenders know you're going to be working in a reputable profession and are qualified, which gives them confidence you're not too much of a risk.

Self-employed doctors - as with any independent employee securing a mortgage can be tricky. However, due to the high regard in which your career is held and coupled with our expertise in the market, we have lenders who will lend to you. They will do so even without your first year's accounts.

General practitioners - many GPs are not salaried and are instead partners of the practice.
Conventional mortgage lenders would, therefore, view you as self-employed and want to see one to three years' worth of tax returns. At Taylor James Financial Services, we can place your mortgage application with lenders who will assess your income based on the practice's historic accounts. Therefore, we can offer mortgages for newly partnered GPs.
 
Medical professionals on temporary contracts - temporary contracts can deter some banks from lending the amount required for your mortgage, because of concerns about the potential for significant gaps between contracts or lack of work. However, with our expertise, we can overcome these hurdles. We have relationships with many lenders who will assess your application as if you were a permanent member of staff.

Agency nurses - some high street lenders are unable to provide agency nurses with mortgages because they want to see a stable income over a period of time. Also, they don't have the expertise to understand how agency nurses are paid. Their salaries can include extras such as working unsociable hours and varying shift patterns. We have access to many lenders who will treat your work on the same basis as a permanent role and will consider all allowances. If you do agency work in addition to a full-time job, we also have lenders prepared to take your entire income into account.

NHS doctors and consultants who also work privately – with our extensive experience in arranging mortgages for medical professionals, we have close relationships with lenders who will take into account both your NHS and private work when assessing your income and affordability.

Foreign National Medical Professionals
 
The UK healthcare system is reliant on skilled workers of all levels in all sectors coming in from overseas. Many of these employees naturally want to put down roots in the United Kingdom. We can arrange mortgages for foreign nationals of all nationalities, even if they have only been in the UK for a relatively short period and don't yet have permanent residency.

Locum doctors
 
Many medical professionals work as a locum as a way of not only earning a higher salary than their "employed" colleagues but also as a way of gaining additional experience. They may also enjoy working in different environments and with varying types of patients. The downside to this is locums don't have a fixed contract of employment and will, therefore, be viewed by a lender as self-employed. 

With our expertise, we can find lenders who will assess your income based on your most recent invoices rather than copies of accounts. This allows you to apply for a mortgage as a locum much sooner than you would think.

At Taylor James Financial Services, we are experts at finding financial solutions for medical professionals. We know which high street lenders understand how their own unique circumstances and pay structure, and who will lend to them.

Among the benefits of engaging the services of Taylor James Financial Services are:

• Identify lenders with the most favourable terms for a medical professional in your situation.
• Secure the most suitable mortgage for your needs, based on your specific requirements and circumstances.
• Compile all the required paperwork.
• Effectively present your income and earning history 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. When working with NHS employees, we always use the generous employee benefits provided for them, such as a pension, death in service and sick pay as the building blocks. We will also recommend any additional top-up products as needed.