The UK Mortgage Market has pretty much been stuck at 4.49 times income for cases with less than 15% deposit for months now so it’s refreshing to learn as we turn into February 2021 that we can now provide a solution for up to 5.5 times income for professional applicants looking to purchase. The provider is a specialist division of a major UK Bank and access is limited to Mortgage Brokers only, which of course includes Niche Advice. Who is classified as a “Professional?” The acceptable professions in alphabetic order are: • Accountants • Architects • Actuaries • Barristers • Chartered surveyors • Dentists • Medical doctors • Optometrists • Pharmacists • Solicitors • Veterinarians The qualification must align to one of the respective registered bodies and must be within the last 5 years. Joint applications are allowed if one of the applicants is a professional. Other Main Qualification Rules for the 5.5 times income mortgage are: • The annual salary is
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