What You Need to Know
Summary
If you work as a medical agency worker—whether as a nurse, doctor, or healthcare professional—you may have been told that getting a mortgage is more difficult. Many high-street banks struggle to assess agency income properly, leading to unnecessary mortgage rejections.
At Premier Finance London, we specialise in helping medical agency workers get mortgages, even when other brokers or lenders can’t. Here’s what you need to know to secure the best mortgage deal for your situation.
Can Medical Agency Workers Get a Mortgage?
Yes! While some lenders are hesitant due to the variable nature of agency work, there are specialist lenders who understand how your income works. With the right mortgage broker, agency workers can access competitive mortgage deals just like permanent NHS employees.
At Premier Finance London, we work with lenders who:
✔ Accept agency work as a stable income
✔ Consider your full earnings, including overtime and shift work
✔ Require as little as 3-6 months of work history
✔ Offer mortgages with competitive rates and flexible terms
How Do Lenders Assess Medical Agency Income?
Because agency workers are often paid differently from full-time employees, lenders will assess your income using:
📌 Payslips & Bank Statements – Usually from the last 3-12 months
📌 Contract History – To prove continuity of work
📌 Average Earnings Calculation – Some lenders average income over 6-12 months
📌 Tax Returns (SA302s) – If you work via an umbrella company or are self-employed
Some banks only accept permanent contracts, but specialist lenders take a more flexible approach.
How Much Can I Borrow as an Agency Worker?
Most lenders will allow borrowing of 4-5 times your annual income, but how they calculate your earnings depends on their criteria.
👉 Example 1: Hourly-Paid Agency Nurse
- Earns £25 per hour, working 36 hours per week
- Annual income: £25 × 36 × 46 weeks = £41,400
- Potential mortgage: £165,000–£207,000
👉 Example 2: Locum Doctor via an Agency
- Earns £50 per hour, working 40 hours per week
- Annual income: £50 × 40 × 46 weeks = £92,000
- Potential mortgage: £368,000–£460,000
Your borrowing power depends on the lender, which is why working with a broker can help unlock the best mortgage deal.
Why Use Premier Finance London?
Many banks don’t fully understand agency worker income, which can lead to:
❌ Mortgage rejection due to “unstable income”
❌ Lenders ignoring overtime, shift pay, or bonuses
❌ Strict requirements for 2-3 years of work history
At Premier Finance London, we:
✔ Find lenders that accept agency income without unnecessary hurdles
✔ Work with banks that consider your full earnings
✔ Help you navigate the mortgage process stress-free
Get Expert Mortgage Advice for Agency Workers Today
If you’re a medical agency worker, we can help you secure the right mortgage, even if others have turned you down.
📩 Get in touch today and let’s make your mortgage journey simple!
Why Use Premier Finance London?
Many high-street banks don’t fully understand locum income, meaning they could:
❌ Reject your application due to “irregular income”
❌ Ask for years of tax returns when it’s not necessary
❌ Only count a small portion of your earnings
At Premier Finance London, we help locum professionals by:
✔ Finding lenders who accept your full locum income
✔ Matching you with the best mortgage rates
✔ Guiding you through the application process smoothly
Get Expert Mortgage Advice Today
If you’re a locum doctor, nurse, or medical professional, we can help you secure the right mortgage with the right lender—even if others have turned you down.
📩 Get in touch today and let’s make your mortgage process simple!
AS A MORTGAGE IS SECURED AGAINST YOUR HOME, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.