Mortgages for Lawyers
Lawyers can sometimes have difficulty getting a high-value mortgage that reflects their earnings despite their professional status and above-average income.
Some high street mortgage lenders do not properly account for overtime, bonuses, or additional billable hours undertaken by lawyers when assessing their income. If you approach mortgage lenders specialising in mortgages for lawyers, you're more likely to receive an affordability assessment that considers the fee structure of the legal profession.
A lawyer already has enough on his or her plate without trying to find a good mortgage deal on top of everything else.
Fortunately, our independent whole-of-market mortgage advisers can help lawyers find the best mortgage.
Lawyers' benefits from specialist mortgages
You may be able to benefit from a good quality mortgage for lawyers in the following ways:
-
Preferential mortgage deals that reflect your true earning capacity
-
Based on realistic expected income, affordability calculations are tailored to lawyers' needs
-
Deals for people working in the Magic Circle who are not from the UK, such as American lawyers moving to the UK
-
Your mortgage can be offset against your savings if you have flexible repayment conditions
To investigate your finance options as a lawyer, call our broker team or fill in our call back form - speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464