Experts in finding the perfect mortgages for Lawyers.
As a Lawyer you might have found it difficult to apply for a mortgage. Your income may fluctuate from month to month.
Here at Lloyd Wells Mortgages we have over 20 years of experience and regularly help Lawyers with their mortgages. We will work with you to make sure that you provide the required documentation, at the required time.
Once we have this information we will quickly be able to provide you with an illustration and manage your mortgage applications so you can concentrate on more important things. Whatever you are looking to achieve, be it purchasing a property, releasing capital or buying an investment property, we can help.
If you have any questions then please do get in touch as we would be delighted to help.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Contact us and we can help you find the perfect mortgage.
Frequently Asked Questions
Below are some of the most frequently asked questions about mortgages for lawyers.
If you are employed we will ask for the latest 3 payslips. If you receive additional income such as bonus, we may ask for the last 2 years P60s, plus the payslips showing the bonus payments.
If you are self-employed we will ask for your latest two years tax calculations and tax year overviews.
These can easily be produced by speaking to your accountant, or downloading them from the HMRC portal.
If you have a limited company, then we will also ask for your last two years signed accounts. We can use a variety of salary and dividends, salary and share of net profits, and salary and retained profits.
While a full a full affordability calculation will need to be completed to give you a true figure, as a rule of thumb you can expect to borrow 4.5 to 5 times your income and some lenders will stretch to 6 times your income if you fit their criteria.
The lenders service will differ from one Bank to another. The fact that you are a Lawyer shouldn’t delay your mortgage application.