Professional Income Boost

Our professional income boost range has designed to optimise borrowers' borrowing capability based on their career and income potential, catering for a wide range of professions and qualifications.

Who is this product suitable for?

• First Time Buyers
• Existing Homeowners looking to move house or remortgage their existing property
• Self Employed borrowers with a minimum of 2 years' accounts
• Contractors with a minimum of 2 years' continuous contracting history

Product Details

• Interest only or repayment
• Maximum loan size: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV.
• Loan to income up to 6 times to 80% LTV and 5.5 times to 90% LTV, subject to overall affordability
• Minimum income for the professional applicant is £30,000.
• Joint applications are considered, with a minimum income of £50,000. At least one applicant must meet the professional eligibility
• Overpayments of up to 10% per annum of the original loan amount are allowed without penalty

Eligible Professions

Applicants must have qualified within the last ten years and be practising within one of the following professions:
Actuary
Commercial Pilot
Pharmacist
Accountant
Dentist
Medical Doctor
Architect
Solicitor
Vet
Barrister
Chartered Surveyor
Electrical Engineer
Investment Banker (including sales, broker, equity analyst, investment manager) with a recognised financial institution
Management Consultant (including Strategy Consultant) with a recognised consulting firm
Mortgage Broker

Documents Required

All applicants must provide an employment contract, showing job title, start date, salary/benefits.
Plus, at least one of the following:
Certificate of degree/full qualification (including date)
Completion of graduate scheme/formal training scheme (including date)
Where it is a requirement to be registered to a professional body to practise, confirmation of registration must be provided.
Please note that all Professional Income Boost cases will refer at DIP, to allow our Underwriters to carry out initial checks on eligibility and affordability.