Nurse Mortgage
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Nurse Mortgage (Part 1)
How do mortgages for nurses work?
They work the same as for a normal mortgage – the process is still the same. Lenders view nurses as low-risk customers, so they may offer favourable terms such as higher income multiples. There are also certain key worker schemes available on some products.
What are the eligibility criteria for nurses looking to obtain a mortgage?
You can normally secure a mortgage with a minimum of 5% deposit. As we speak today in March 2026, there are also a couple of 100% mortgages – which means zero deposit.
On 100% mortgages, you may not reach the income multiples required to be eligible, however.
We specialise in NHS and healthcare professional mortgages, so we know how to present your income to achieve the maximum possible mortgage, if needed.
We will look at all your incomes and allowances in the best way possible. You just need your latest three months’ payslips and a P60, and we’ll assess it in the right way for you.
Are there any specific lenders or institutions that offer mortgages to nurses?
We specialise in nurse income and have access to lenders who will accept 100% of certain things on a nurse’s payslip – like shift allowances, overtime and bank work.
We can identify lenders who understand nurse income, and we know how to present this to them in the right way to achieve your goals.
What documentation or proof is required to apply for a mortgage as a nurse?
When you apply, we’ll need the latest three months’ payslips, including those showing any bank work you do, plus your latest P60, three months’ bank statements and ID. We may need more payslips to show your bank work as a steady income, but we would confirm that with you.
What is the typical interest rate for a mortgage as a nurse in the UK?
With any mortgage, it depends on how much deposit you have. If you only have a 5% deposit, your rate will be higher as there’s more risk to the lender.
As an example, today on 11 March 2026, you’ll pay around 4% if you have at least a 20% deposit. With a 5% deposit, the rate may be 5%. If you have more than 25% deposit, you may get a rate of mid-to-late 3% today.
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Are there any limitations or restrictions on the type of property that can be purchased as a nurse?
There are no limitations or restrictions on the type of property. It’s the same as a standard mortgage. It does depend on the lender’s criteria – but that will apply whether you’re a nurse or you’re not.
How does income verification work for nurses applying for a mortgage?
Most lenders look at the latest three months and average that out over the year. Some also check whether your year to date has been consistent.
We’ll initially verify the income to ensure lenders will go ahead with it. We’ll look at those three payslips, including all the bank shifts and P60s, to ensure everything will go through smoothly when we apply.
What challenges or obstacles might nurses face when applying for a mortgage?
The income on a nurse’s payslips generally comes in various streams, such as basic salary, overtime, night shifts, weekend work and unsociable hours.
That’s a lot of income streams on one payslip. It’s a complex income structure, so it’s best to go to a broker who specialises in this kind of income, to get the right advice and achieve the mortgage you require.
Is it possible for newly qualified nurses to obtain a mortgage?
Yes. As long as you have a signed copy of your contract, we can look at this for you even if your start date is in the future – as long as it’s within three months.
Bear in mind that if you want to use overtime and bank shifts as additional income, you need to have been receiving that for a minimum of three months. Once you’ve started that role, we could factor that in as a steady three-month income in addition to your basic.
Are there any additional costs or fees associated with a nurse mortgage to be aware of?
Nothing extra to a normal, standard mortgage. Some lenders charge a product fee, and some don’t. Some have a valuation fee of £100 or so, but not all of them.
There will be a broker fee that’s paid on completion, along with solicitor’s fees and moving costs. But nurses aren’t required to pay anything that another buyer wouldn’t.
Is there anything you want to cover before we return with part two?
We’ve covered all we can for now, I think. But as always, if there’s anything I haven’t mentioned here, just contact us and we’ll be sure to talk you through it.
Key Takeaways:
- Lenders view nurses as low-risk customers and may offer favourable terms such as higher income multiples and certain key worker schemes.
- Mortgages are available with a minimum 5% deposit, and, as of March 2026, there are a few 100% (zero deposit) mortgage products on the market.
- A nurse’s income is often complex due to multiple streams (basic salary, overtime, shifts), so using a specialised broker is recommended to present the income correctly to lenders.
- Some lenders may accept 100% of various income components on a nurse’s payslip, including bank work, overtime, and shift allowances.
- Newly qualified nurses can obtain a mortgage with a signed contract if their start date is within three months, but any additional income from overtime or bank shifts must have been received for a minimum of three months.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.