Experts in finding the right mortgages for Barristers.
Experts in finding the right mortgages for Barristers.
As a barrister you might have found it difficult to apply for a mortgage.
The last thing you want to be doing is explaining how you get paid to a mortgage broker, when they should be the experts.
Here at Bristol Rose Mortgages we have over 15 years of experience and regularly help barristers 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.
Whether you are a pupil, newly quailed tenants, QC or a Judge, we will be able to provide you with the advice that you require.
If you have any questions about mortgages for barristers 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
Frequently Asked Questions
Below are some of the most frequently asked questions about mortgages for Barristers.
How will the lenders assess my income?
The lender will assess your income on a self employed basis.
They 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.
What happens if I have less than 2 years as a Barrister?
There are lenders who will be able to help in this situation.
The lenders will ask for proof of income. This is likely to be a letter from your Chambers confirming when you started, what you have billed already and what your income going forwards is likely to be.
As a barrister, how much can I borrow?
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.
Do mortgage applications for Barristers take longer than a standard mortgage application?
The lenders service will differ from one Bank to another. The fact that you are a Barrister shouldn’t delay your application.
We will find the right mortgage for you! Contact us now.
Bristol Rose Mortgages Ltd is an appointed representative of Mortgage Advice Bureau (Derby) Limited which is authorised and regulated by the Financial Conduct Authority.
Bristol Rose Mortgages Ltd. Registered Office: Newminster House 27-29 Baldwin Street, Bristol, England, BS1 1LT. Registered in England Number: 15936241.
A fee of up to £495 per mortgage may be charged depending on individual circumstances.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.