Welcome to NHS Mortgage Advice

One of the UK’s leading specialists in NHS Mortgages.

About NHS Mortgage Advice

At NHS Mortgage Advice we specialise in helping members of the medical professions with all their mortgage needs.

This includes:

  • Nurse Mortgages
  • Doctor Mortgages
  • NHS Mortgages
  • New Build Mortgages
  • Student Nurse Mortgages
  • Remortgaging to release equity
  • And more…
NHS Mortgage, Home

Helpful, Affordable Advice you can trust

At NHS Mortgage Advice our fees may vary depending on your situation and how complex your application will be. This is the best way to keep things fair. Our fees start at £199.00 and we’ll always tell you how much it will cost up front so that you can make a decision. We don’t wait till halfway through the process to tell you how much it will cost.

Find Out How Much You Can Borrow

We don’t have a mortgage calculator as it isn’t very accurate. But get in touch and we’ll tell you for free.

We have used Mortgage Calculators before but they usually tell you that you can borrow more than you actually can. It is far more accurate to put you in touch with one of our qualified advisors to run through your affordability and give you a more accurate figure on how much you can borrow.

Whether you’re a doctor, nurse or dentist working for the NHS- know how to get your foot in the door when it comes to buying property. All healthcare professionals should be aware that many options are available, and they might not know what’s right for them! This article will give an overview of each option, so read on below:

When it comes to owning your own home, many things need consideration. This includes finding the right mortgage company for you and what type of loan best suits both parties involved–the bank as well as yourself! So naturally, you’ll want all this information before applying, or else risk being turned down because something wasn’t done correctly during the application process-which would mean starting over again from scratch until everything was perfect (not fun). So please don’t wait for another second; let us help with our extensive knowledge on mortgages available through NHS.

What is NHS Mortgage?

If you’re looking for a mortgage specifically designed to fit the needs of NHS employees, there may not be an exact product called just “NHS Mortgage.” Instead, the word is derived from brokers who can modify their approach and give discounts tailored to these professional employees. Brokers with this service used to exist previously. Still, they are no longer available, so now all potential clients need to ask around among co-workers if anyone knows where such services might still exist!

Can You Get NHS Mortgage?

Yes, you can. If you meet the eligibility criteria for one of these mortgages, then apply and are approved by a lender that specializes in supporting workers from this sector of society – such as those working within or visiting healthcare facilities- they’ll offer discounts on their products, making them more affordable than other traditional bank loans available to consumers with lower credit scores!

Mortgages for NHS employees are intended for whom?

Merely applying for an NHS mortgage is not enough. As a clinical staff member, you must be employed permanently by one of the following:

  • Ambulance Trust
  • GP Surgeries
  • Primary Care Trusts
  • NHS Direct
  • NHS Dental Practices
  • Other NHS Trusts
  • Social Care Trusts and Mental Healthcare 
  • National Blood Transfusion Services
  • Health Protection Agency

What kind of mortgages is available for NHS employees?

As an NHS employee, you are unable to get a special mortgage, it is best to find someone who specializes in helping people like yourself. If we can help, we will do our best and show how much dedication goes into all these things that seem so difficult at times!

Mortgage loans are available to suit all types of requirements, so you must research your options wisely. Whether looking for a buy-to-let mortgage or joint financing with another person – the more knowledgeable and well prepared will be able to apply for what they need most effectively.

Are There Any Limits on An NHS Staff Mortgage?

As a key worker, you can get mortgage products from the National Health Service (NHS). Your income and expenditure will be assessed to determine if it’s eligible for one of their many mortgages. There are no restrictions based on where in health services-and this includes previous credit history!

Doctors and dentists are usually considered medical staff, but not on these schemes. If you work in admin or domestic positions as well, then chances are it doesn’t apply to your profession either way! You also cannot be a porter because they needed more qualifications for eligibility – which brings up an important point: how can we know if our job qualifies us at all?

We’re often unclear about just what jobs count towards being “qualified” enough when applying discounts from healthcare providers such as National Health Service Insurance (NHSI) mortgages offered by banks that offer personal loans with low-interest rates that don’t require employment history checks nor credit.

Is There Any Alternative to The NHS Mortgage Scheme?

The National Health Service (NHS) key worker mortgage scheme offers mortgages to clinical staff members in the UK. So, it would seem that this government-sponsored program could be an alternative if you are considered a “clinically employed person. “However, it’s not all bad news for NHS workers, as there is still a large selection of affordable homes available with mortgages from Key Worker Schemes. In addition, these schemes provide low-interest rates and other helpful discounts that make it easier to purchase your new home!

If you’re unsure which mortgage is best for your needs, don’t worry! Speak with a member of our team, and we’ll help get the ball rolling.

Is There a Particular Discount for NHS Employees on Mortgages?

As mentioned above, some providers offer incentives to their customers who work in the NHS. These can include lower interest rates and more flexible repayment options, which are especially beneficial if you’re currently employed with this organization or retired from service after decades-long employment as well! You may want to check into it before applying, though, since different banks vary greatly – speak to somebody professional who can let them know!

How Much You Can Borrow with NHS Mortgages?

You might be surprised to learn that you can apply for an NHS Mortgage, the same as any other type of loan. To assess how much money will work best with your monthly expenses – including things like age or pay banding-to see if it’s possible for this product is available in order before applying!

You may be surprised to learn that your monthly payment is based on many factors. For example, your borrowing capacity, the length of time you’re taking out a loan, and even what interest rate has been agreed upon will all affect how much money comes out each month!

Mortgages For NHS Staff

Whilst there are not specific mortgages for NHS Staff, you may be able to get mortgages for Professionals.

Mortgages for Professionals will often lend you more, or be more flexible. This is primarily due to the steady increases in pay as you get more and more experienced.

You will also find there are Mortgage brokers that specialise in getting Mortgages for NHS Staff. Having a specialist mortgage broker will ensure that your application is packaged in the best way for success. You also have the Government First Homes Scheme which was announced in 2020 that will offer a 30% discount for Key Workers, and I think we discovered recently that the NHS are certainly Key Workers.

Who can Get an NHS Mortgage?

The obvious answer is someone who works for the NHS. The more specific answer would be anyone that works in the following:

  • A GP Surgery
  • An NHS Trust
  • NHS Dental Surgery

There are more, so if you think you may be entitled to an NHS Mortgage, speak to a specialist mortgage broker.

What Is An NHS Mortgage?

There is not a specific NHS Mortgage. However, as we mentioned, there are Professional mortgage products that may fit for people working in the NHS.

The main complication for an NHS Mortgage is your payslip. You probably know what all the different aspects of your pay mean. But a lender might not, so having a specialist mortgage broker that packaged your case correctly, to the best lender for you, will increase your chances of success.

What are the best mortgages for NHS Staff?

The best mortgages for NHS staff are likely standard products open to everyone. Sometimes you may find that a Professional product may let you borrow more. But if you don’t need those higher income multiples it’s likely that a normal high street lender will be best for you.

The main thing is that your application is packaged properly so that the lender understands your job and your income.

What Type Of NHS Staff Mortgages Are Available?

There are lots of NHS staff mortgages out there. They basically boil down to two different types

Fixed Rate Mortgages

Fixed rate mortgages are generally the most common. They allow you to fix the rate of interest of your mortgage for a set amount of time.

This therefore means that your mortgage payments stay the same for that same period.

The only drawback tends to be that they have fees if you want to leave during that period.

Variable Rate Mortgages

Variable rate mortgages covers lots of different types of mortgage like tracker or discount rate mortgages.

They all have one thing in common, they vary.

Your interest rate will go up and down depending on either what the lenders variable rate is doing or what the Bank of England base rate is doing.

Unlike Fixed rate mortgages often there is no penalty for leaving a variable rate mortgage.

Does An NHS Staff Mortgage Have Any Restrictions or limitations?

Lenders often have criteria that you need to meet. However for the NHS you may have even more restrictions.

Your best bet is to speak to a specialist NHS Mortgage broker that can help you navigate which lender will be best for your situation.

Is there an alternative to the NHS key worker mortgage scheme?

The NHS Key worker mortgage scheme is no longer available. However, the government has announced the First Homes scheme for NHS Employees which will offer a 30% discount on an eligible new build property if you are a Key Worker.

This will be perfect for NHS staff looking to get an NHS Mortgage.

Are there special discounts on mortgages for NHS workers?

There are no special discounts for NHS workers other than the First Homes Scheme we have mentioned.

The only other specialist mortgages for NHS are the professionals mortgages from the likes of Kensington that offer higher income multiples for Professionals.

What is the Cost Of Buying A House?

When buying a house there is more than just the deposit to consider in terms of costs.

  • Moving costs – You have to pay someone to help you move usually.
  • Transfer fees – Usually these are quite small but some lenders charge a lot to transfer the funds to your solicitors
  • Stamp Duty – This can be quite costly, worth speaking to a professional or the government calculator here.
  • Estate agent costs – These are usually to do with selling, not buying.
  • Solicitors – One of the more costly parts so bear this in mind.
  • Mortgage Broker fees – Mortgage Brokers tend to charge fees.
  • Valuation fees – Some lenders charge a valuation fee.
  • Additional survey costs – You may want a more in depth survey, this is usually an additional cost.

How much can you borrow on NHS mortgages?

Generally most lenders offer up to four and a half times your income. This may vary depending on outgoings as well. Some lenders will go up to five times your income for professionals or high earners.

When it comes to how much you can borrow we recommend you speak to a Specialist Mortgage Broker that can tell you more precisely. Mortgage calculators tend to be inaccurate.

Should I Speak To A Specialist Nhs Mortgage Broker?

You should always speak to a specialist mortgage broker in the field you are in. Firstly they will understand your job. But they will also have probably seen your situation on a regular basis as they deal with people in the same line of work as you.

Conclusion

We hope that this guide has helped provide a better understanding of how to buy a home. But, if you still haven’t found your perfect property, don’t worry. There is always more information out there, and we would be happy to help you find it. Also, for more information on the different mortgage schemes available to you, please get in touch with our team. We will be able to answer any questions and provide a personalized plan just for your needs!