Professional Income Boost

Help your client with our Professional Income Boost range

Key points for our Professional Income Boost products:

• Minimum age 21
• Minimum term 5 years
• Interest only or repayment
• Interest only to 70% max LTV and subject to an acceptable repayment strategy
• Minimum loan size: £100,000. Maximum loan size: £3,000,000 up to 80% LTV, £1,000,000 up to 85% LTV and £650,000 up to 90% LTV. Loans over this are priced on a bespoke basis and have restricted LTVs
• Loan to income up to 5.5 times, 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.

Eligibility 

• Permanent and full-time employment
• Qualified, within the last five years, and practising within one of the following professions:
  Actuary
  Commercial Pilot
  Pharmacist
  Accountant
  Dentist
  Medical Doctor
  Architect
  Solicitor 
  Vet
  Barrister 
  Chartered Surveyor
  Electrical Engineer
   
• The following professions will be considered by referral, subject to applicant being on a graduate scheme at a recognised firm:
  Investment Banker (including sales, broker, equity analyst, investment manager, with a recognised financial institution)
  Management Consultant with a recognised consulting firm
   

Documents required to support application:

• Registration of UK professional body
• Certificate of degree/full qualification (including date)
• Employer confirmation/copy of employment contract

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.

 

Profession	Professional Bodies
Actuary	The Institute and Faculty of Actuaries (IFoA)
Commercial Pilot	UK Civil Aviation Authority (CAA) Airline Transport Pilot Licence (ATPL)
Pharmacist	General Pharmaceutical Council (GPhC)
Accountant	Institute of Chartered Accountants England & Wales Institute of Chartered Accountants Scotland Chartered Institute of Management Accountants Association of Chartered Certified Accountants Chartered Institute of Public Finance and Accountancy Institute of Financial Accountants
Dentist	General Dental Council (GDC)
Medical Doctor	General Medical Council
Architect	Architects Registration Board (ARB)
Solicitor	Law Society of Northern Ireland Law Society of England & Wales Law Society of Scotland
Vet	Royal College of Veterinary Surgeons (RCVS)
Barrister	The Bar Council
Chartered Surveyor	Royal Institute of Chartered Surveyors (RICS)
Electrical Engineer	Institute of Engineering and Technology Incorporated Engineers (IEng) Institute of Engineering and Technology Chartered Engineers (CEng)
Software Developer	The Chartered Institute for IT (BCS) Institution of Analysts and Programmers (IAP)
Investment Banker	Chartered Institute for Securities & Investments (CISI) Chartered Banker Institute (CBI)
Management Consultant	Management Consultancies Association (MCA)