Mortgages for young professionals​

As a young professional embarking on your chosen career after years of study or training, the prospect of purchasing your first home can often seem a daunting one.

High property values and the large deposits required to secure a mortgage mean it can be difficult for those just starting out in their profession to secure a mortgage.  High rental values in major cities also mean that it can be difficult to save for a future deposit.

At Key Solutions, we work with a number of specialist lenders that look favourably on young professionals and can help you secure the funding you need to purchase your first home.

How do mortgages for young professionals work?

Professional mortgages are designed for individuals who are in training or have just started a career in roles with future high earning potential.  A specialist lender will take your earning potential into account when considering your application to improve your chances of securing a mortgage.  Some common occupations that lenders will take into consideration are:

  • Accountants
  • Barristers
  • Dentists
  • Engineers
  • Medical Doctors
  • Solicitors

Even if you are not in one of these professions, you may still be accepted if you’ve just started a career with a future high earning potential.  Speak to one of our specialist advisers who will be able to assess your eligibility.

Don’t worry if you’re not eligible as there are a range of other options for first-time buyers available.

Things to consider

Applying for a mortgage is a big decision and if you have just started your career, here are a few things to consider before you proceed:

  • Being accepted for a mortgage on the basis of future earning potential means you’ll be taking on a loan you may not otherwise be accepted for – if you lose your job for any reason, you will still be expected to keep up with your repayments.
  • As with many young people, you may not have built up a good credit score yet, this can mean you have to pay higher interest rates.
  • It may still be possible to secure a mortgage for young professionals if you are self-employed, following an assessment of your earning potential by lenders.

Making it easier to secure a mortgage as you start on your career

If you’re a young professional at the start of your career, or about to graduate – we can help you secure a mortgage.  Just give our team of specialist advisers a call us on 0800 138 5856 or get in touch below.

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