I have no history of earnings. How can I get a mortgage?

I have no history of earnings. How can I get a mortgage?

It is common practice for a mortgage provider to ask for details of earnings for the last three years. The provider often uses a multiple of earnings to establish the amount that they are prepared to lend. The problems are twofold in your early years of practice. First, you may not have a history of earnings. Secondly, your earnings can increase significantly in your early years of practice, which means your ability to borrow similarly increases. We act for many barristers and our experience and expertise is acknowledged by the mortgage providers. With the benefit of our experience, we are able to forecast the likely pattern of earnings for each barrister and this is often acceptable to the mortgage provider. Indeed, with the help of Cassons, the lender may accept your application based on our certification of earnings alone. It might therefore possible to obtain a mortgage without the earnings history that would normally be required. Please contact us if would like any further information.

This answer was last checked May 2017. This answer is for general guidance only. It provides an outline, and may not include points which are important in your case. You should not rely on this answer without taking individual advice based on the full facts of your case. The information given was correct at the time of release.