Specialist

Mortgages For Solicitors

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Mortgages For Solicitors

Clifton private finance

We specialize in sourcing finance for residential and commercial property transactions in the UK

For solicitors and legal professionals we work with select high street and private banks on a bespoke basis.

We can offer:
  • Bespoke lending solutions from £100,000
  • Large mortgage loans up to 95% LTV (Loan to value)
  • Uncomplicated approach to income & wealth
  • Interest only options 
  • Mortgages for residential and investment properties
  • Options for short term finance (bridging), buy to let, commercial and development
  • Mortgage solutions for complex income arrangements e.g. onshore and offshore trusts
  • Solutions for HNW & UHNW individuals
  • Lombard lending from £1m
  • Offshore solutions for law firm partners who are UK expats, non domiciled UK residents, UK residents earning in a foreign currency and foreign nationals
  • Independent service & expert advice
Call us on 0203 900 4322 to discuss your requirements.
Recent

Property Finance Deals

UK Expats Remortgage London Buy to Let Property to Fund House Purchase in Thailand
UK Expats Remortgage London Buy to Let Property to Fund House Purchase in Thailand
Area
London
Capital Raised
£350k
Switching Lenders Secures Best Rates For £1.65m Central London Property For US Law Partner
Switching Lenders Secures Best Rates For £1.65m Central London Property For US Law Partner
Area
Central London
Capital Raised
£1.2m
90% LTV Mortgage Purchase For London Based Young Professional Couple
90% LTV Mortgage Purchase For London Based Young Professional Couple
Area
London
Capital Raised
£1.4m
Complex tracker remortgage at 85 percent LTV for London professional couple
Complex tracker remortgage at 85 percent LTV for London professional couple
Area
London
Capital Raised
£1M
Million-pound mortgage for self-employed law partner starting a new job, but currently on maternity leave
Million-pound mortgage for self-employed law partner starting a new job, but currently on maternity leave
Area
SE London
Capital Raised
£1.23M
15 year UK mortgage for 70 year old working in the Netherlands paid in Euros
15 year UK mortgage for 70 year old working in the Netherlands, paid in Euros
Area
Leicestershire
Capital Raised
£230K

More Opportunities »

Contact Us

Solicitor & Legal Professional Mortgage Broker Service

If you’re a solicitor, there are a number of things in your favour when it comes to securing a mortgage, but also some things that might count against you. 

The positives

The legal profession is a stable, well-respected occupation. Lenders are likely to see you as a low-risk borrower with good career prospects and as someone who is highly likely to maintain repayments.

Solicitors typically receive higher than average earnings. Even if you are just starting out, and your wages aren’t particularly high at present, lenders are likely to be keen to lend to you in the expectation that your earnings will increase as your career progresses. 

As a respected professional, lenders might be prepared to lend you larger amounts, perhaps as much as five times your salary.

The negatives

Solicitors often have income from multiple sources, including overtime, bonuses and dividends.

Other solicitors are self-employed as sole traders or partners – if this applies to you, this self-employed income might make up 100% of your income or it might supplement your salaried income.

If you are a solicitor, you naturally need a lender that will take into account all of your sources of income when assessing whether you can afford your proposed mortgage repayments. You don’t want a lender that will only use your basic salary.

The lender will want to see payslips, accounts and any other information it might need to prove your income. Your application will be subject to the rigorous affordability and credit checks that the lender needs to carry out in every case.

If you are newly qualified being able to demonstrate at least 1 years earnings through your accountant will be important in securing a standard first time buyer mortgage product.

The choice of mortgages

It is likely that the mortgage deals available to you will include fixed, discounted and capped rates. Capital repayment and interest only mortgages will be available.

It may be possible to find mortgages from non-high street lenders such as private banks for as much as 95% of your property value, meaning that you only need a very small deposit if you earn over £100,000 and you are will to make fixed capital repayments over a 5 year term.

the more you can put down as a deposit the lower mortgage rates will typically be for both residential and buy to let mortgage products.

Flexible features such as payment holidays are offered with many solicitors’ mortgages - ideal if you get your bonuses and other additional payments on an irregular basis. You can make overpayments on the occasions when your income is higher.

After your fixed or discounted period has ended, you should be looking to re-mortgage to a better deal. 

Seek advice

A professional mortgage broker can identify the best solutions from lenders that will take into account all of your sources of income to help you secure a mortgage offer. They can help you identify how much you need to borrow and what you can reasonably afford to repay.

Many of the lenders that specialise in providing mortgages for professionals are not well-known high street names, and the only way you can obtain a mortgage with them is via an adviser.

Your adviser can then assist you once again when it’s time to consider re-mortgaging.

Specialist mortgage broker service providing:

Our broker service provides expert help legal professionals who have complex income arrangements. This can include bonus payments, profit-sharing agreements, or income and dividends from self-employment. 
Call us on 0203 900 4322 to discuss your requirements.

Recent Case Study: Million pound mortgage for self-employed law firm partner »

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If you have any questions about our services or want to start making things happen please contact us