Get an NHS Mortgage in Scotland for Less

Are there specific mortgages tailored to the NHS?

Yes, some lenders have professional products which are mainly designed for people in professional positions, like doctors.

Is it easier to get a mortgage if you work for the NHS?

Not necessarily, you would have to meet the same kind of lending criteria as anybody else. You still need to pass the lender’s affordability assessments and have a clear credit score.

There are some lenders who may allow you to borrow more if you’re working for the NHS as a professional, but the criteria is as much the same as it would be for any other individual.

How do I know if I qualify for an NHS mortgage?

The best thing would be to speak to a broker like myself so we can establish pretty quickly from an initial conversation whether you would be eligible for one of the professional mortgages we’ve discussed. If you are, the broker will guide you through the process, explaining which documents you need to obtain and get the ball rolling on your application.

Can I get a mortgage five times my salary?

Yes, there are lenders who may allow you to borrow five times your salary, subject to their specific lending criteria.

What sort of deposit do I need?

The minimum deposit is 5% across the board. The bigger percentage deposit that you’ve got the better, but the very minimum you would need would be 5% of the property value on purchase.

Do NHS staff mortgages have any restrictions or limitations?

No, there’s not any restrictions or limitations to them. I would always encourage people to pick up the phone or send us an email and we would be able to establish which mortgage products they would be eligible for.

Every mortgage is different and every Mortgage Lender’s criteria is different, but we can let clients know what any potential restrictions or limitations would be to the mortgage that they’re looking at.

Are there special discounts on mortgages for NHS workers?

There may be some lenders for these kinds of professional products that may have a lower rate of interest than you would get outside of the NHS. There may be some cashback elements which might not be available to someone who works in an office or a construction worker. There may also be a discount such as no arrangement fees, but it depends on the unique criteria for that professional product.

What is the NHS Help to Buy scheme?

There is not really a specific Help to Buy scheme for NHS workers. The Help to Buy Scheme is the government scheme and is treated the same as it would be for anybody.

Do many banks lend to NHS workers?

Yes, and I think every bank would be willing to take an application from an NHS worker. There wouldn’t be any lender restrictions for any particular Institution. Subject to the individual within the NHS meeting the lender’s criteria, absolutely every institution would be more than happy to take or look at an application from an individual working for the NHS.

How can The Mortgage Broker Scotland help?

If anybody needs any information or wants to have a chat with professional advisers about what they may be able to access, then we can establish pretty quickly what kind of products would be available for the individual just based on a quick conversation.

Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 2%, but a typical fee of £495 is payable on offer.