The health sector is built upon self-employed entrepreneurs running their own medical practices and we deal with a large number of doctors, dentists and pharmacists in the course of our day-to-day business. Although their health practices are often incredibly successful, like many other self-employed individuals, medical professionals can struggle to secure lending for a variety of factors.
In this case, our health professional client wanted a 75% loan to value (LTV) interest only mortgage. The repayment plan was equity within the client’s portfolio. In this instance, most lenders will only allow a maximum 50% LTV, therefore it meant scouring the market to find a lender with suitable terms.
Our Associate Director Paul Fredericks was able to secure a lender who would allow the full 75% LTV and considered the equity in the client’s portfolio to be a suitable repayment strategy. The result? Our incredibly happy client was able to proceed with purchasing their new family home.
If you’re a health professional or self-employed individual looking to maximise your lending, it pays to have access to our specialist network of lenders which mainstream brokers just can’t access. Contact us to find out more.