Mortgage solutions for newly qualified and established professionals
At Hodge, we understand what it takes for your professional clients to get ahead in their career. The hours of study, on-the job training, financial commitments and sheer determination it takes to finally get those letters after their name.
Mortgage applications are usually based on where your client has been, relying on three months of pay slips, utility bills and bank statements, wouldn’t it be great if mortgage providers considered where they are headed?
At Hodge, we do just that. We’ll consider all validated income, which means multiple income streams are included and only one year’s worth of accounts required. Furthermore, we manually assess all applications on a case-by-case basis.
If your clients are approaching the end of their training journey and talking to you about buying a home, consider the Hodge Professional mortgage.
“We’ve had a fantastic experience with our first Hodge Professional Mortgage application! We were expecting a full shopping list of requirements but the case is already at offer stage. No back and forth like our experiences with a lot of lenders, speedy and efficient – we’re super impressed!!!” – Sarah Grace, Sarah Grace Mortgages.
Professional Mortgage rates and affordability calculations
We’ll accept a wide range of incomes so please call our dedicated support desk on 0800 138 9109. A member of the team will be more than happy to calculate affordability for you and confirm your client’s maximum lend.
Approved professions
Accountants, Actuaries, Architects, Barristers (including Barristers in Pupillage), Dentists, Chartered Engineers, IFAs, IT Consultants, Medical Doctors, Mortgage Advisers, Midwives, Nurses (including bank nurses), Optometrists, Paramedics, Pharmacists, Physiotherapists, Pilots, Radiographers, Solicitors, Chartered Surveyors, Teachers (including supply teachers and newly qualified teachers) and Vets.
Why choose us?
- All validated regular income considered for employed and self-employed
- Multiple income streams accepted
- Up to 6x LTI
- Interest only up to 75% LTV including sale of property
- Affordability is assessed on your customers ability make the interest payment on an interest only basis, not on a full repayment basis
- Dedicated underwriters experienced in income complexities
- All applications manually assessed on a case-by-case basis
Product summary
| Product option | 2 Year Fixed Rate | 5 Year Fixed Rate |
| Interest Rate (80% LTV) | 6.10% (£1,495 fee) | 6.00% (£1,495 fee) |
| Interest Rate (90% LTV) | 6.15% (£1,495 fee) | 6.05% (£1,495 fee) |
| Loan to Value (LTV) | 90% maximum LTV for repayment 75% maximum LTV for interest only | 90% maximum LTV for repayment 75% maximum LTV for interest only |
| Valuation Fees | Free up to £1 million property value | Free up to £1 million property value |
| Minimum Loan | £50,000 | £50,000 |
| Maximum Loan | £850k up to 90% LTV £1m up to 85% LTV £2m up to 75% LTV | £850k up to 90% LTV £1m up to 85% LTV £2m up to 75% LTV |
| Minimum Property Value | £100,000 | £100,000 |
| Maximum Property Value | £10 million | £10 million |
| Early Repayment Charges (ERCs) | Fixed Year 1 = 3% Year 2 = 3% | Fixed Year 1 = 5% Year 2 = 4% Year 3 = 3% Year 4 = 2% Year 5 = 1% |
- Approved professions: Accountants, Actuaries, Architects, Barristers (including Barristers in Pupillage), Dentists, Chartered Engineers, IFAs, IT Consultants, Medical Doctors, Mortgage Advisers, Midwives, Nurses (including bank nurses), Optometrists, Paramedics, Pharmacists, Physiotherapists, Pilots, Radiographers, Solicitors, Chartered Surveyors, Teachers (including supply teachers and newly qualified teachers) and Vets.
- New Partner (GP) accepted with accountant or managing partner income verification
- Earned income accepted up to the age of 75 or 80
- Retained Profit (Ltd Co) accepted
- No minimum time back in the UK for returning Nationals (subject to credit score or bank statements)
- No minimum/maximum time since qualification
- Locum income: six months’ payslips/remittance advice slips and three months’ bank statements (average annualised)
- Newly qualified medics – offer letter confirming start date and salary
- 90% LTV new build houses (maximum 75% LTV for interest only)
- One year’s accounts considered
- Maximum Advance
- £850k up to 90% LTV
- £1m up to 85% LTV
- £2m up to 75% LTV
- £850k up to 90% LTV
- Free valuation up to £1m purchase price
- Consent to let accepted
- Free valuation and legal assist for re-mortgage
Resources & Case Studies
Direct and dedicated support
Our Business Development team are on hand to answer any questions you may have, or chat through a case you’d like to discus. Please call a member of the team on 0800 138 9109 or click here to find your local BDM.
Chat to an underwriter
Experienced in income complexities, our dedicated professional mortgage underwriters can talk you through the technicalities and answer any questions you might have. Click here to find out more.