Here at MPI we specialise in providing high-quality, professional advice on mortgages for medical professionals. The problem that medical professionals can sometimes experience when searching for mortgages from high street lenders, is that they do not fully understand the NHS remuneration package. When NHS income is assessed, usually via payslips, the lender will see the various elements of a doctor’s salary and struggle to process these effectively. Elements of a doctor’s pay packet are sometimes assessed as non-guaranteed overtime or part-time income. This will often conflict with the lending criteria of mortgage providers, and often they will only take account of the basic element of your wage.

If all or part of the income is locum / private practice based, a new doubt will arise in the mind of the lender. Much of this work will be arranged on short-term or fixed-term contracts and will be paid in a tax efficient manner. This, in accordance with the view of many lenders that short-term and fixed-term contracts are temporary, can cause problems when it comes to choosing your mortgage and provider.