Mortgages

 

Graduate Mortgages

A Graduate or Professional mortgage as some lenders call them are designed for first time buyer university graduates and can offer 85% mortgages.

Graduate mortgages are not always available to all graduates and may be restricted to which university you studied in or as with professional mortgages what career you have chosen. There is often a set timescale in which lenders will lend to graduates and normally this is within 5 years of graduation.

Lenders are more willing to lend to the following professions which include accountants, doctors, lawyers and vets where their earnings are likely to increase fairly rapidly in the early years of their careers. In fact some lenders will be more generous on income multiples to this group of professions also because of their projected earnings over the early years.

Because these mortgage loans are aimed at first time buyers with little or no deposit the interest rates are not always the most competitive but it does allow for greater borrowing unavailable from many mainstream lenders.

Our specialist advisors at Grovelawn will be happy to explain Graduate and Professional mortgages to you in full and give you quotes on the most suitable products that would be available to you.

Your property may be repossessed if you do not keep up repayments on your mortgage.

For more information on how we are paid for mortgages please click here.

Grovelawn Financial Services, 3b Restormel Industrial Estate, Liddicoat Road, Lostwithial PL22 0HD — T: 0845 458 2633