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 90% LTV. Loans over this are priced on a bespoke basis and have restricted LTVs
- 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
Eligibility
- Permanent and full-time employment
- Qualified, within the last ten 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
- 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 to support application:
- 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.
| 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) |
Visit our Calculators page for our Professional Calculator