The Intermediary – January 2026 - Flipbook - Page 74
B RO K E R B U S I N E S S
Case clinic
Case Clinic
Want to gain insight into one of your own cases in the next issue?
Get in touch with details at editorial@theintermediary.co.uk
C AS E ON E
NHS professional on
rotational contract
junior doctor is purchasing a £365,000
property with a 10% deposit. They are
on a rotational NHS contract, moving
hospital trusts every six to 12 months as part of
their training. Their base salary is £38,000 with an
additional £7,500 from regular overtime. They have
worked continuously in the NHS for three years,
though each contract is technically fixed term.
They want a 30-year mortgage to keep payments
manageable.
A
FOUNDATION HOME LOANS
The stated income would leave the applicant
short of the required borrowing amount. We allow
higher levels of borrowing, up to 6x income, for
medical professionals. To qualify, applicants must
be a GP or Specialist (including anaesthetists,
surgeons, and consultants) and registered with
the General Medical Council or British Medical
Association (BMA). Overtime is usually calculated
at 50% of the average earned over the past 12
months. WE+E may consider using a higher
proportion of overtime on a case-by-case basis.
months. We would require the last six months’
payslips if paid monthly to confirm their average
income. While we cannot offer 90% loan-to-value
(LTV), we could provide up to 75% LTV, subject to
the property being of standard construction.
WEST ONE LOANS
West One can consider 100% of the overtime,
subject to it being regular and consistent (it will
need to be reflected in the last two months’
wage slips).
However, this client will only be eligible for a
maximum loan value of up to £295,750, meaning
we would not be able to assist based on the
deposit proposed. If they were able to raise a 19%
deposit, they may qualify for our Residential Extra
range with lending up to 6.5x loan-to-income (LTI).
GEN H
Taken at face value, this case would be a no for
Gen H – but there are some options. Usually, we
would take overtime at 75% weighting, but if it can
be evidenced that the overtime is consistent, we
could consider exceptionally using 100%. However,
that still puts the LTI ratio at 7.2x, which is above
our maximum.
The buyer could add an income booster to their
loan which would almost certainly make the
mortgage affordable and could consider up to a
40-year term to reduce monthly payments further.
They should just note that their income booster
will be subject to the same checks they would be.
TOGETHER
THE STAFFORD BS
Together can support this applicant as they have
been in continuous employment for over 12
This is something we could consider, given the
client’s track record and profession. We can use
72
The Intermediary | January 2026
