Experts in finding the right mortgages for Lawyers.
As a Lawyer you might have found it difficult to apply for a mortgage. Your income may fluctuate from month to month.
Here at Adam Wells Mortgages we have over 15 years of experience and regularly help Lawyers with their mortgages. We will work with you to make sure that you provide the required documentation, at the required time.
Once we have this information we will quickly be able to provide you with an illustration and manage your mortgage applications so you can concentrate on more important things. Whatever you are looking to achieve, be it purchasing a property, releasing capital or buying an investment property, we can help.
If you have any questions then please do get in touch as we would be delighted to help.
Your home may be repossessed if you do not keep up repayments on your mortgage
Frequently Asked Questions
Below are some of the most frequently asked questions about mortgages for lawyers.
As a lawyer, how will the lenders assess my income?
If you are employed we will ask for the latest 3 payslips. If you receive additional income such as bonus, we may ask for the last 2 years P60s, plus the payslips showing the bonus payments.
If you are self-employed we will ask for your latest two years tax calculations and tax year overviews.
These can easily be produced by speaking to your accountant, or downloading them from the HMRC portal.
If you have a limited company, then we will also ask for your last two years signed accounts. We can use a variety of salary and dividends, salary and share of net profits, and salary and retained profits.
How much can I borrow as a lawyer?
While a full a full affordability calculation will need to be completed to give you a true figure, as a rule of thumb you can expect to borrow 4.5 to 5 times your income and some lenders will stretch to 6 times your income if you fit their criteria.
Do mortgage applications for Lawyers take longer than a standard mortgage application?
The lenders service will differ from one Bank to another. The fact that you are a Lawyer shouldn’t delay your mortgage application.
We will find the right mortgage for you!Contact us now.
Adam Wells Mortgages is a trading name of Adam Wells who is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority.
A fee of up to £495 per mortgage may be charged depending on individual circumstances.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.