Mortgages for Solicitors
Trinity Financial has access to a host of banks and building societies offering mortgages for solicitors and other qualified professionals.
There is a lot of competition between the lenders to attract new borrowers and many of the mortgage rates on provide fantastic value for money. They can also offer real long term payment security.
In order to qualify for a mortgage most lenders will expect solicitors to be able to prove their income, so they are likely to ask them for their latest three months’ payslips and bank statements.
They may also ask to see their tax returns if they run their own they run a limited company or they are self-employed.
Aaron Strutt, product manager at Trinity Financial, says: “The biggest challenge we have is when clients progress from an employed role to a partner in a law firm and their income changes. However, we know the appropriate lenders to approach.
“Some specialist banks will ask solicitors to prove that they are members of the Law Society, although this is not a condition with many of the lenders Trinity work with.
“It is still possible to borrow up to five-times both single and joint salaries for a mortgage, although clients will need a good credit score to qualify. They may also need to have limited monthly out-goings and credit commitments as mortgage affordability is rigidly assessed.”
Click here to view the £650,000 mortgage we arranged for a partner in a law firm.
If you are a solicitor and would like help to secure a leading mortgage, call Trinity on 020 7016 0790.
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