Help your client with our Professional Income Boost range
Key points for our Professional Income Boost products:
- Minimum age 21
- Minimum term 5 years
- Interest only or repayment
- Interest only to 70% max LTV and subject to an acceptable repayment strategy
- Minimum loan size: £100,000.
- Maximum loan size: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV. Loans over this are priced on a bespoke basis and have restricted LTVs
- Loan to income up to 5.5 times, subject to overall affordability
- Minimum income for the professional applicant is £30,000.
- Joint applications are considered. At least one applicant must meet the professional eligibility.
Eligibility
- Permanent and full-time employment
- Qualified, within the last five years, and practising within one of the following professions:
Actuary
Commercial Pilot
Pharmacist
Accountant
Dentist
Medical Doctor
Architect
Solicitor
Vet
Barrister
Chartered Surveyor
Electrical Engineer
- The following professions will be considered by referral, subject to applicant being on a graduate scheme at a recognised firm:
Investment Banker (including sales, broker, equity analyst, investment manager, with a recognised financial institution)
Management Consultant with a recognised consulting firm
Documents required to support application:
- Registration of UK professional body
- Certificate of degree/full qualification (including date)
- Employer confirmation/copy of employment contract
Please note that all Professional Income Boost cases will refer at DIP, to allow our Underwriters to carry out initial checks on eligibility and affordability.
Profession | Professional Bodies |
Actuary | The Institute and Faculty of Actuaries (IFoA) |
Commercial Pilot | UK Civil Aviation Authority (CAA) Airline Transport Pilot Licence (ATPL) |
Pharmacist | General Pharmaceutical Council (GPhC) |
Accountant | Institute of Chartered Accountants England & Wales Institute of Chartered Accountants Scotland Chartered Institute of Management Accountants Association of Chartered Certified Accountants Chartered Institute of Public Finance and Accountancy Institute of Financial Accountants |
Dentist | General Dental Council (GDC) |
Medical Doctor | General Medical Council |
Architect | Architects Registration Board (ARB) |
Solicitor | Law Society of Northern Ireland Law Society of England & Wales Law Society of Scotland |
Vet | Royal College of Veterinary Surgeons (RCVS) |
Barrister | The Bar Council |
Chartered Surveyor | Royal Institute of Chartered Surveyors (RICS) |
Electrical Engineer | Institute of Engineering and Technology Incorporated Engineers (IEng) Institute of Engineering and Technology Chartered Engineers (CEng) |
Software Developer | The Chartered Institute for IT (BCS) Institution of Analysts and Programmers (IAP) |
Investment Banker | Chartered Institute for Securities & Investments (CISI) Chartered Banker Institute (CBI) |
Management Consultant | Management Consultancies Association (MCA) |