With a kick-butt deposit in your coffers and strong self-employed income as a specialist medical consultant, getting a home loan should be a cinch, right?
Wrong!
If you’re transitioning from a hospital-employed intern to a self-employed doctor, whether that be in your own private practice or as a contracting consultant, you’ll still have to show at least one year of self-employed payslips before most banks will lend you the money. In fact, most banks require 24 months of self-employed income and two completed tax returns.
Luckily for you, Walshs has your back.
As a niche mortgage broker servicing the medical industry, we’re on a first-name basis with a full panel of lenders, most of whom are medical specialist banks or banks with unique medical-specific policies, to ensure you’re scaling the lucrative property ladder sooner.
With access to a special lending arrangement through Westpac that’s only available to a select few accounting and financial planning firms in Australia, Walshs can offer property loans where proof of only three months’ income is needed to seal the deal.
“What would normally take a doctor two years to achieve with a traditional mortgage broker and bank, we can do in three months,” Walshs Director Peter Hodgson says.
“This significantly improves the capacity for them to continue to grow their wealth and achieve their lifestyle objectives.”
Whether your goal is to purchase your own home or build your investment portfolio, our team offers a full mortgage broking service with loans designed specifically for doctors. Perks include the ability to borrow up to 95% of the property value with no Lenders Mortgage Insurance, exclusive interest rates and higher borrowing potential.
If you’d like to chat to one of our medically-minded lending experts, drop us a line at (07) 3221 5677 or book a 1-1 meeting.
