Case Study: Two Doctors Secure 85% LTV with Interest-Only Structure
DIRECTOR AND MORTGAGE ADVISER
Overview
A couple of medical professionals with two young children were ready to buy their forever home in the Oxfordshire countryside. They had equity from their existing property and wanted to keep their deposit relatively low to reserve funds for light refurbishment once they moved in.
The Challenge
The wife was on maternity leave, and the family expected high childcare costs once she returned to work. Her projected income needed to be taken into account to meet affordability requirements. Meanwhile, the husband, a hospital consultant, had significant variable income from locum work, which many lenders treat cautiously. They needed a lender who could take a holistic view of their finances and offer a structure that worked in the short and long term.
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Our Solution
We identified a lender comfortable using return-to-work income and familiar with variable pay for medical professionals. We presented a case using the husband’s locum income history and the wife’s confirmed return-to-work salary. To keep costs down during the early childcare years, we structured part of the loan on an interest-only basis. We also secured a five-year fixed rate to give the family certainty over monthly payments and protect them against rising rates.
The Outcome
The clients secured an 85% loan-to-value mortgage on a £900,000 property, with 50% of the loan on interest-only. This gave them flexibility during a financially demanding life stage while setting them up to transition to full repayment as expenses eased. The five-year fix ensured they could plan confidently in the medium term.
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What We Can Do for You
If you’re a doctor or professional with variable income, on maternity leave, or navigating high childcare costs, we can help structure a mortgage that fits your financial reality. From interest-only arrangements to income projections, we know which lenders to approach and how to present your case for the best outcome.
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YOUR HOME MAY BE REPOSESSED IF YOU DON’T KEEP UP REPAYMENTS ON YOUR MORTGAGE
Kite Mortgages is a trading style of Kite Financial Ltd which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
APPROVED BY THE OPENWORK PARTNERSHIP ON 27/06/2025