Principality offering 5.5 times salary mortgages to dentists and doctors and other professionals

by Aaron Strutt

Aug 01 2022

Principality for Intermediaries is helping more newly qualified professionals to get on the property ladder by extending its 5.5x salary mortgages.  

Professions across various sectors are eligible for the 5.5x loan-to-income, including financial and legal services, health and construction.

Applicants would need to be qualified as an accountant, actuary, architect, barrister, dentist, doctor, optometrist, pharmacist, solicitor, surveyor or vet in the last five years. 

Aaron Strutt, product director at Trinity Financial, says: "Many of the bigger banks provide income stretch mortgages now, but some smaller lenders are also changing their criteria to attract more borrowers. This product has no minimum income, so it differs from some Principality's competitors."

Key features of the new proposition include:

• No minimum income requirement;
• Joint mortgage applications are accepted using combined income; only one of the applicants needs to be a newly qualified professional; and
• It's available for new purchases and pound-for-pound re-mortgage applications.
• This enhanced loan-to-income product is exclusively available to Principality's registered brokers including Trinty Financial. 

For help to secure a more generous mortgage call Trinity Financial on 020 7016 0790 or book a consultation