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Mortgages for vets

Our highly skilled mortgage advisors have years of expertise in finding the best mortgages for vets.

With an occupation like veterinary medicine, it is vital to make sure you speak to a broker with a good understanding of how your job role could affect your mortgage application. Getting advice from a knowledgeable expert can help you to save significantly on your repayment costs.

With access to rates and deals with over 50 of the UK’s top lenders, we can find vets the most competitive pricing possible.

Mortgage advice for vets

The right advice is key when it comes to finding the best mortgage rates and deals available. It can make a huge difference to your application and speed up the process of putting your mortgage in place.

With a job role that can be very time consuming, you want to be sure you aren’t wasting your time on bad advice. Our team are specialists when it comes to mortgages for vets and know exactly which lenders will be best to approach for great deals.

We have access to a wide range of excellent specialist and high street lenders, meaning you will have a variety of mortgages to choose from.

Which are the best mortgage lenders for vets?

It can sometimes be more difficult to find the right lender for vets mortgages. This is when a broker’s expert support and advice can be very useful, to make sure you put the right deal in place.

There are aspects of being a vet that can be an advantage or disadvantage when it comes to your mortgage application. Certain factors that could impact your ability to borrow including complex income or a poor credit history. In this situation, a specialist lender may be better suited to your needs.

The best lender offering mortgages for vets will vary depending on each individual applicant and their needs and circumstances. By speaking to someone who understands this area, you can be sure you are applying to the best lenders for vets.

Some top lenders offering mortgages for vets include:

  • Accord Mortgages
  • Barclays
  • Halifax
  • HSBC
  • Natwest
  • Newcastle Building Society
  • Santander
  • And more…

The lending criteria and minimum credit score required can vary depending on each mortgage provider, so some lenders may work better than others for your mortgage.

Some of the main areas to think about before approaching lenders include:

  • Your income
  • The amount of deposit (loan to value)
  • Your credit score/history
  • The type of property
  • The mortgage type (repayment vs interest only)

How to find the best mortgages for vets

There are several different ways for you to apply for your mortgage, and each way will affect the rates and deals available to you. If looking for the best mortgage for vets, you need to consider the way you apply as well.

The 3 most common ways to apply for a mortgage are:

  • By speaking to mortgage advisor or broker: this means you can compare a range of deals across a wider panel of lenders with expert advice and support. This can be the best way for borrowers to find the most competitive mortgage rates and deals.
  • Applying with a bank or building society directly: certain borrowers could find this a good option, if there are no additional factors such as poor credit history or complex income. This will limit your options though, as you will only have deals and rates available to you from one lender.
  • Applying online or via a price comparison website: this option is growing in popularity due to its convenience, but it can be more time consuming or complicated. This can make it a less appealing option for busy vets who don’t have the time to apply in this way.

What is the best mortgage for vets?

When looking for the best mortgage, vets can sometimes access better rates and deals than other occupations. This is due to a having a highly skilled job role and often consistent high income.

Lenders look very favourably on medical professions, due to job stability making you less at risk of defaulting on your repayments. There can however be areas that can complicate your application, meaning specialist lenders may work better for you. Some key areas we can help vets with include:

  • Unusually low credit score, bad credit or debt
  • No accounts or limited accounts
  • Complex income and multiple income streams
  • Self employed vets mortgages
  • Newly qualified vets mortgages
  • Buy to let properties
  • Non-standard properties

How does income work with mortgages for vets?

In many cases, vets should be able to find an excellent mortgage without major problems when it comes to income.

Each mortgage provider can have different lending criteria but will usually assess income and affordability similarly. The amount you will be able to borrow and the interest rates available to you can vary though.

Mortgages for self-employed vets

If you are self-employed or running your own clinic, it can be more complicated to find a new mortgage or remortgage.

There are however many brilliant options available for self-employed mortgages for vets, it is just about knowing where to look. A specialist broker will be able to advise which lenders are best suited to this type of income and how your income is assessed.

 Before approving your mortgage, lenders will commonly need to see:

  • A self-assessment tax return (SA302)
  • 3 months worth of bank statements
  • 2 or 3 years accounts and an accountant reference
  • Evidence of profits and/or dividends
  • Profit projections for the next year

Mortgage for new vets

If you are a newly qualified vet, you may find it slightly less simple to get a mortgage in some cases – especially if starting a new business with a limited account history.

Most lenders will still be able to offer mortgages, but certain mortgage types can be more suitable. Some helpful options for mortgages for vets who have recently qualified include:

We know how busy vets can be and don’t want you to waste any time applying to the wrong mortgage providers.

When applying for mortgages for vets, we have a vast knowledge of which lenders and deals work best. This means you won’t end up missing out on the best pricing and paying more than you should.

We understand exactly how mortgages for medical staff and mortgages for veterinary surgeons work and are experts when it comes to all mortgage types. This includes standard residential mortgages, buy to let mortgages, mortgages for first time buyers and more.

You will benefit from over 20 years of expertise in mortgages for vets by speaking to our highly skilled and qualified team.

Useful resources

Citizen’s Advice – Buying a home

Gov.uk – Working for yourself

Own your own home (Gov.uk) – Help to own your home

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