Professional Mortgages

[Gem7321]

Hi

I was just wondering if anyone else had heard of these things? :?

A fellow student (also on a low salary) was telling his buddies how he'd managed to get a 'professional mortgage'. This is where they take into account that you are an apprentice and therefore offer you the same figure but on a longer term as your salary will increase after training.

Does anyone know any more about these? And where I can get one?

Many thanks

Gem

[AAT Member]

Ooh

I've found it, and actually looks pretty good. Heres the link for anyone else who may be interested:

http://www.scottishwidows.co.uk/bank/mortgages/promortgage_intro.htm

[lincs]

It says on this page:

http://www.scottishwidows.co.uk/bank/mortgages/promortgage_features.htm

"Qualifying Criteria
Over 21 years of age

Fully qualified and practicing medical doctor, dentist, accountant, solicitor, vet, pharmacist, optometrist or teacher."

So if he's justs a student he certainly didn't get one with Scottish Widows.

I'm going to start a new house price crash thread!

[Gem7321]

That's what's confusing me, in the intro it says for those studying for a professional qualification, but in the t&c's it says you have to be over 21 snd fully qualified! So no good for me.

Bring on the crash! There must be one coming soon, in like the next five years. I was reading something about how one financial institution *wont say who* said in 2000 that in 2012 the base rate would reach 5% and the property market would crash. So the 5% has come six years early but no signs of crashing yet... been keeping my eye on certain properties and nothing seems to be moving much so maybe it's on it's way? And especially if the base rate is going up in the New Year too.

Are you a fellow house-hunter lincs?

Gem

[lincs]

That's what's confusing me, in the intro it says for those studying for a professional qualification, but in the t&c's it says you have to be over 21 snd fully qualified! So no good for me.

Bring on the crash! There must be one coming soon, in like the next five years. I was reading something about how one financial institution *wont say who* said in 2000 that in 2012 the base rate would reach 5% and the property market would crash. So the 5% has come six years early but no signs of crashing yet... been keeping my eye on certain properties and nothing seems to be moving much so maybe it's on it's way? And especially if the base rate is going up in the New Year too.

Are you a fellow house-hunter lincs?

Gem

replied in the "housing market thread".