Increase your affordability
Borrow up to 5.5x your income with a professional mortgage
Whether you're a vet, doctor, lawyer or accountant, you could borrow up to 5.5 times your salary, significantly increasing your total buying budget. Discover what you could afford in under 10-minutes.
Suitable for buyers, movers & remortgagers
Increase your budget by up to 20%
You must work in a qualifying profession
How does it work?
Professional mortgages are offered by some mortgage lenders to those who work in 'professional' lines of work, such as nurses, doctors, lawyers or accountants.
Lenders are comfortable to let these buyers borrow more as they see them as lower risk, e.g. more likely to remain in work and/or enjoy salary increases. Increasing your borrowing from the typical 4.5x income to 5.5x income can boost your budget by up to 20%.
Why Tembo?
We help buyers, movers and homeowners discover how they could boost their affordability in 3 simple steps. It’s why we’re the UK’s Best Mortgage Broker.
Things to consider
All mortgages have risks and benefits. Here are some key things you should know before applying for a Professional Mortgage.
What are the benefits?
Increase your buying budget, even on a low income
With a standard mortgage, lenders typically let you borrow between 4-4.5 times your income. With a Professional Mortgage, you can borrow more, even on a low income. This is because lenders take into consideration future pay increases in your career.
Enjoy increased borrowing with a 5% deposit
If you are purchasing a pre-owned property with a Professional Mortgage, you only need to put down a 5% deposit. This can be extremely helpful for first time buyers who may only have a small house fund saved up.
Boost your budget without outside help
Many buyers turn to a guarantor for support if they can’t borrow enough. With a Professional Mortgage, you won’t need to involve any family members or friends to reach your desired budget.
Risks and considerations
You must meet the professional role criteria
To be eligible for a Professional Mortgage, you must have qualified in the last ten years, be registered with the appropriate UK professional body and work in a field related to your profession.
Poor credit could impact how much you can borrow
If you have adverse credit, depending on the severity you may have fewer lenders willing to lend to you, and be offered a smaller income multiple.
Non-professional applicants won’t qualify
If you are buying with another person who does not work in a professional role, they will only be able to borrow 4-4.5 times their salary. For example, if you are a doctor and earn £50,000, and your partner works in marketing and earns £30,000, together you could borrow up to £410,000.
Got questions? We’ve got answers
See all FAQsFrequently asked questions
The application process
Get into your very own home in 4 simple steps
Make a Tembo plan
In under 10-minutes we’ll check your eligibility for a Professional Mortgage as well as our other buying schemes. Plus you’ll get a personalised mortgage recommendation including interest rates and repayments.
Talk to an expert
Book a call with our mortgage experts to complete the qualification process. We’ll cover any questions you have about Professional Mortgages and any other schemes.
Apply for a mortgage
Once you’ve found a property, your dedicated advisor will undertake full affordability and submit a Decision in Principle with your chosen lender. Once accepted, we’ll submit a full mortgage application for you.
Make home happen
Once you’ve found a property, we’ll prepare & submit your mortgage application. We’ll liaise with the developer or seller and your solicitors to ensure a smooth purchase.
Other schemes you might like
Explore our other buying schemes to see alternative ways to get on the ladder
On your own
5.5x Income Mortgage
Borrow up to 5.5 times your salary to boost your buying budget.
See detailsWith a guarantor
Deposit Loan
Boost your deposit with help from family or friends in return for a share of your home
See detailsPart buy part rent
Private Shared Ownership
Buy a share of a home, then pay rent on the rest. Over time, buy more of the home till you have full ownership
See detailsLearn more
Confused about mortgages? Read our guides for expert tips on saving, buying and the market.
Other mortgage schemes
You can be snug in your very own home in 4 simple steps
Increase your affordability
Without a guarantor