Mortgages for Professionals
As a professional with a high income you will have major advantages over the average buyer when it comes to securing a mortgage.
These are primarily:
- Higher income multiples;
- Higher LTV;
In other words, as a professional you will be able to borrow as much as four and a half times the value of you and your partner’s joint income. In addition you may be able to borrow more than the value of the home, such as 110%.
So before you borrow the first mortgage you come across check out the available deals on offer, since you are in a socio-economic group with many advantages when it comes to property purchasing.