Doctors Mortgages

Doctors Mortgages: specialist mortgage advice for medical professionals

Doctors Mortgages is an independent mortgage broker that works exclusively with doctors and other medical professionals. Its advisers arrange mortgages and protection cover for clients such as GP partners, locum doctors, junior doctors and consultants, and the firm states that it sources products from the whole market rather than a restricted panel of lenders.

The broker presents itself as one of the UK's leading specialists in medical mortgages and insurance, a positioning it supports with more than 20 years of experience advising doctors. It also states that it is FCA-authorised and that its advisers understand NHS payslips, training rotations and the different contract types found in the medical profession.

Mortgage options by career stage

The service is organised around the situations that make medical incomes difficult for mainstream lenders to assess:

• GP partners: advice on how lenders evaluate partnership income, including drawings, practice profits and partnership accounts, for both established and newly appointed partners.
• Locum doctors: support for PAYE and self-employed locums whose income differs from a standard NHS salary, with flexible income assessments.
• Junior doctors: guidance for foundation and junior doctors buying a first home, taking into account NHS salary, expected pay rises and contract history.

Beyond these profiles, the broker handles first-time buyer, home mover, remortgage and buy-to-let applications, and describes a service that accompanies the client through the house-buying process from start to finish.

Protection and remortgage reviews

Alongside mortgages, Doctors Mortgages offers insurance for doctors, including income protection, life insurance and mortgage cover. It also provides protection reviews for clients who already hold cover, checking whether it still fits their circumstances. For remortgages, the firm presents a review of the options available, whether the client chooses to switch lender or stay with the existing one.

How the advisory service works

Prospective clients complete a short online form describing the type of mortgage, the amount to borrow, the property value and their personal details, after which an in-house adviser provides a quote. The firm states that its advice is free of upfront fees and that it maintains a network of contacts at banks, building societies and insurance companies built up through its focus on the medical sector.

Case examples published by the firm

The website presents three anonymised cases that illustrate the type of situations the broker handles:

• A newly appointed NHS GP partner without several months of income evidence obtained a mortgage in principle in two days and completed the purchase in three weeks.
• A locum doctor whose previous broker had delivered an insufficient offer after five weeks obtained a full mortgage approval within ten days, with the broker contacting the seller's estate agent to keep the purchase alive.
• A couple of resident doctors moving from ST2 to ST3 and porting their mortgage received a response within an hour and a full mortgage plan by the end of the day, with the application adjusted as rates improved.

These accounts are accompanied by testimonials from the clients involved and are presented by the company as examples of its work with complex medical incomes.