Can I get a mortgage if I have just started private practice?

Yes, it's possible to secure a mortgage even if your private practice is in its infancy. While high-street banks demand years of accounts, specialist lenders often accept shorter track records if you have a stable NHS background. They may use your current billings or a specialist accountant's reference to project your annual earnings. This forward-looking approach ensures your career progression isn't stalled by rigid, outdated banking policies.

How much can a doctor with private practice income borrow?

Borrowing limits for medical professionals are significantly higher than the standard 4.5x multiple. Specialist lenders can offer between 5.5x and 6.5x your combined NHS and private earnings. For example, a consultant with a £100,000 NHS salary and £50,000 in private fees could potentially access over £900,000 in borrowing. These enhanced multiples reflect the long-term stability and high earning potential inherent in senior medical roles.

Do I need 3 years of accounts for my private practice earnings?

No, you don't necessarily need three years of accounts. Although mainstream lenders remain fixed on this requirement, specialist providers are more flexible. Many will consider your application with just one year of tax returns or even less if you have a proven track record in your clinical field. By using your SA302 and Tax Year Overviews, we can present a robust case for a mortgage for doctors with private practice income without the long wait.

Will lenders accept income from both my NHS job and my private work?

Yes, specialist lenders are designed to "blend" these different income streams into one total figure. They treat your NHS salary and your private practice fees as a unified professional income. This is a significant advantage over generalist banks, which often ignore the self-employed portion if it hasn't reached a certain age. We ensure every pound you earn is accurately represented to the underwriter to maximise your borrowing potential.

What is the best mortgage multiple for doctors in 2026?

The most competitive professional mortgage schemes in 2026 currently offer up to 6.5x your total income. These high-multiple products are specifically reserved for qualified medical professionals such as GP partners and consultants. Accessing these rates requires a broker who can navigate the specific underwriting requirements of "Large Loan" desks. These desks understand that high-earning doctors represent a lower risk than the general public despite their complex pay structures.

Can I use a Limited Company for my private practice and still get a mortgage?

Operating through a limited company is no barrier to getting a mortgage. In fact, specialist lenders can be more advantageous here because they often look at your total share of company profits rather than just the dividends you've drawn. This approach recognises your true wealth instead of penalising you for being tax-efficient. It's a critical distinction that can significantly increase the loan amount you're eligible to receive.

How does private practice income affect my Stamp Duty if I own other property?

Your private practice income itself doesn't change the Stamp Duty rates, but your overall borrowing power does. If your private earnings allow you to purchase a more expensive property, you'll naturally move into higher tax brackets. If you already own a residential property, you'll likely face the 3% surcharge on additional dwellings. It's important to factor these costs into your initial affordability calculations to avoid any surprises during the legal process.

Is it harder to get a mortgage as a GP partner with private earnings?

It isn't necessarily harder, but it is more complex. GP partners have a unique financial profile that combines partnership drawings with private fees. Generalist lenders often struggle to interpret partnership accounts and may miscalculate your actual income. A specialist broker understands how to extract the correct figures from your accounts. We ensure your application for a mortgage for doctors with private practice income is presented clearly to avoid unnecessary declines.

Mortgages for Doctors with Private Practice Income: 2026

We are a specialist medical mortgage broker providing mortgages for doctors throughout the UK. We help junior doctors, GPs and locum doctors with tailored mortgage advice, income protection, life insurance and so much more.

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Doctors Mortgages is a trading name of Doctors Mortgages Limited and is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 995281.

Registered in England and Wales No: 13452398. Registered Office: Doctors Mortgages, 19 Chessel Avenue, Bournemouth, England, BH5 1LQ

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