Fee Free Remortgage Advice for Doctors
Switch for a better rate, raise funds, or change product — remortgage and product switch options tailored to doctors.
Whether you’re a junior doctor, GP partner, locum, consultant or private practitioner, reviewing your mortgage regularly can save you money and stress.
At Doctors Mortgages, we help doctors remortgage or switch products with their existing lender, ensuring you get the most from your mortgage with minimal hassle.
Why Remortgage - or Switch Product?
Remortgaging isn’t always about moving to a new lender. Sometimes the best move is simply to switch to a new product with your current lender — called a product transfer.
Here’s how each route works for doctors:
Switching product with your current lender (product transfer)
- Usually the quickest and easiest option — often no valuation or solicitor required.
- Ideal if your circumstances have changed (new contract, locum work, or self-employment) and you want to avoid a full reapplication.
- Lets you move to a new fixed, tracker, or offset deal without changing lender.
- May not always offer the lowest rate available on the open market — but avoids exit fees and paperwork.
Remortgaging to a new lender
- Opens up the full market of lenders, often unlocking lower rates or more flexible terms.
- Useful if you want to release equity, change your mortgage term, or borrow more.
- May involve valuation, legal work, and affordability checks — but can offer significant savings.
Whether you switch product or remortgage, the goal is the same: a better deal that fits your financial and professional life as a doctor.
What makes remortgaging different for doctors?
Medical professionals often have complex income structures that standard lenders don’t always understand. We work with lenders who specialise in the medical sector and can assess your true affordability fairly.
Salaried Doctors & Consultants
Strong, stable employment and NHS pension contributions are viewed positively.
GP Partners & Self-Employed Doctors
Accounts or accountant references are key. Some specialist lenders accept one year’s figures, or less.
Locums & Portfolio Doctors
Lenders who understand variable income can average earnings over 12–24 months or assess based on ongoing contracts.
High-income Borrowers
Doctors often need larger loan sizes; we know which lenders are comfortable with higher loan-to-value ratios.
When should you consider remortgaging or switching?
- Your current fixed or tracker deal is ending within the next 3–6 months.
- Your current rate is above today’s market rates.
- You want to release equity for home improvements, investment, or family support.
- Your income structure has changed (e.g., locum to salaried, or increased earnings).
- You want to change mortgage type — e.g., fixed to offset.
- You simply want to switch to your lender’s latest product before rolling onto their variable rate.
The remortgage or product switch process
Initial review
We’ll discuss your goals: lower payments, equity release, or rate stability
Check your current deal
Identify early repayment charges or available product transfer rates
Affordability & lender match
We compare your current lender’s offers against whole-of-market options
Application
For product transfers, this is usually completed in minutes. Remortgages may require supporting documents
Why Choose us for your mortgage?
At Doctors Mortgages, we bring a level of expertise and understanding that sets us apart. As one of the UK’s leading mortgage specialists for medical professionals, our advice service delivers tailored solutions, even where others may struggle.
With over 20 years of experience arranging fee-free mortgages exclusively for doctors, our advisers have built strong relationships with major banks and building societies. This allows us to navigate complex cases and secure competitive deals, even in challenging situations.
We understand the unique financial landscape of medical careers. From NHS contracts and pay scales to locum income, banding, and GP earnings, we know how to present your case in the best possible light. Whether you’re a junior doctor, hospital consultant, salaried GP, or GP partner, we can help you find the right mortgage to match your goals.
Free remortgage or product switch review for doctors
Tell us a little about your mortgage and goals — we’ll check both your lender’s internal offers and the wider market to find your best option
FAQs — Remortgaging and product transfers for doctors
Contact us if you have a question about remortgaging as a medic
Remortgaging simply means switching your current mortgage to a new deal — either with your existing lender or a new one. Doctors often do this to secure a better rate, raise funds, or access more flexible terms.
A product transfer is when you stay with your existing lender but move onto a new rate. A remortgage is when you switch to a different lender entirely. Both can reduce your payments — the best option depends on your goals and income.
It’s best to start reviewing your options 3–6 months before your current deal ends. That gives you time to find a new product or lender before moving onto your lender’s higher standard variable rate (SVR).
Most doctors remortgage to secure a better interest rate, release equity, or borrow more for home improvements or professional projects.
A product transfer, on the other hand, is ideal if you’re happy with your lender but want to lock in a new rate quickly and with minimal fuss.
Yes. Specialist lenders will consider your total income, including NHS salary, locum work, private practice, and consultancy income — even if your earnings vary month to month.
Usually yes. Most lenders allow product transfers without a full affordability reassessment, making it quick and easy to arrange.
Product transfers can complete in just a few days. Full remortgages typically take 4–8 weeks.
Absolutely. Many lenders understand the career path of medical professionals and will consider future earnings, even if you’re currently on a training or fixed-term NHS contract.
This depends on your income and lender criteria, but doctors can often borrow up to 5.5 times their annual income — and sometimes more — due to their strong earning potential.
A product transfer is usually fee-free and doesn’t involve new legal work or valuations.
A full remortgage may include valuation fees, legal fees, or early repayment charges if you switch before your current deal ends — though many remortgage offers include free legals and valuations.
Not sure whether to stay or switch?
We’ll compare your current lender’s product transfer options against the best open-market remortgage deals, so you can see exactly which saves more — with full transparency.
