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The benefits of a professional mortgage 

13th June 2024

Professional mortgages are designed to meet the unique financial needs of qualified professionals. Mortgage lenders will often offer flexible repayment options, competitive interest rates and a higher loan-to-value on their professional mortgage option. Mortgages for professionals are a tailored solution to help professionals manage their finances in a way that works for their lifestyle. 

What is a professional mortgage? 

A professional mortgage is an enhanced mortgage created specifically for individuals in certain professions of a certain level within a specific field or industry. The Hodge Professional Mortgage is offered to a broad range of professionals from accountants and architects to mortgage advisers, IT consultants and teachers. We cater to professionals at various career stages, from newly qualified to seasoned professionals.  

If you fit within one of the accepted professions, it’s worth looking into if a professional mortgage can get you a better interest rate, a bigger loan, or more flexible borrowing terms. 

What are the benefits of a professional mortgage? 

Professional mortgages come with several benefits: 

Flexible mortgage repayments: You can enjoy adaptable repayment options to fit your financial situation from repayment to interest only. This can be helpful if you’re looking to lower your monthly outgoings.  

Increased borrowing potential: With an increased borrowing power of up to six times income with a Hodge Professional Mortgage, and no minimum or maximum time since qualification – you could be able to afford a home that better suits your lifestyle, sooner than you thought.   

All income streams considered: Professionals can often have a more complex income than other types of paid employment. As we accept 100% of all validated incomes plus multiple income streams/complex income accepted including locum work. This means your whole financial picture is being considered to maximise your affordability. 

Are professional mortgages worth it? 

For many young professionals, professional mortgages are a valuable tool. They offer flexibility and favourable terms can make home ownership more accessible. As a mortgage lender, we understand the unique needs of professionals and provide mortgages to support your financial growth and stability. As we’re focused on where you’re heading, we only require one year’s worth of accounts and will use our underwriting experts to look at your case manually, so you can be sure, our time is being invested in making the right decision for you. 

You can find out more about the Hodge Professional mortgage criteria here

How to apply for a Hodge Professional Mortgage  

Using a mortgage brokers can save you time, money and stress. Whether you're a first-time buyer, a homeowner looking to remortgage, or an investor, a mortgage broker can guide you through the process, search for the best mortgages available for you and offer advice on other related aspects, like solicitors and surveyor. They are the conduit between you and the mortgage lender, working closely together to ensure the process runs smoothly. Read our guide to using a mortgage broker for more help. 

If you’re ready to step on or step up the property ladder, talk to a mortgage broker or financial adviser today about the Hodge Professional Mortgage. If you don't have one, you can find a broker using unbiased.co.uk. 

Learn more about our Professional Mortgage  

To learn more about the professional mortgage benefits and the necessary lending criteria of a Hodge Professional Mortgage, visit our webpage. Here you can explore how we can support your property goals with our tailored mortgage solutions. 

This article is correct at time of publishing and for general information purposes only. We recommend you speak to a professional financial adviser for advice. You can find a financial adviser and further personal finance information at unbiased.co.uk.   

Your home may be repossessed if you do not keep up repayments on your mortgage.

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