Mortgage & finance broker for medical professionals in Sydney NSW
For doctors, specialists, and medical professionals across Sydney, your income structure is unique, often involving trusts, private practice income, or complex salary arrangements. We believe achieving your property ambitions should be a clear, straightforward process, not burdened by generic bank policies. The Loan Market Double Bay team provides the deep knowledge and strategic approach your finances demand. Our background in financial planning means we look at more than just the loan; we help you find the right loan structure to streamline your personal finances and secure your future. We are the specialists who know exactly what needs to get done, allowing you to focus on your vital work.
We provide a service that goes beyond basic loan broking, ensuring you receive a tailored solution that supports your complete financial strategy. Our unique advantage comes from providing an integrated financial strategy, offering solutions for complex medical income and ensuring expert portfolio management. We are specialists at securing finance for doctors who have recently moved to private practice, bypassing the standard two year tax return requirement by working with specific lenders. We can use recent BAS statements and 6 month profit and loss reports to prove your current earning capacity. Furthermore, we are not aligned with a single bank, allowing us to play hardball with over 90 lenders to find the right policy and competitive rate for your specific circumstances.
Client success stories
Here is what we have been able to achieve for medical professionals with complex financial structures.
High value lending for a multi property investor
An Anaesthetist, who was a private banking client with a major bank, wanted to purchase a new expensive home for around $5 million. Their existing bank was $1 million short of the required additional lending, putting their desired property out of reach.
- The solution we found: We identified a major lender with a specific credit policy. This policy allowed us to exclude the investment expense of holding the client's 15 investment properties from the serviceability calculation. We also had their car leases in a company name excluded from the debt assessment.
- The client’s benefit: This strategic structuring allowed us to achieve the full $5 million in additional lending required. Our clients secured the home they wanted, with a total loan size of circa $12.5 million.
Fast finance for a specialist moving to private practice
A Dermatologist needed finance to purchase a new home. The challenge was they had recently completed their specialist training and had only been self employed for six months, despite a new annual income of around $1.2 million. Most banks require two years of tax returns for self employed income.
- The solution we found: We leveraged our contacts with a major bank’s private banking team. We were able to use their recent short-term business activity figures and profit and loss to substantiate the significantly higher income.
- The client’s benefit: We secured the approval, allowing our clients to purchase their dream home. We were also able to achieve an approval to lend 90% of the value of all their properties.
Financing a multi faceted dream build
A Cardiologist was looking to finance a dream home construction worth around $3 million. Their income was complex, coming mostly from a private sole trader practice with a significant recent income increase. Apart from the home loan and investment loans, they needed the construction loan and finance for the practice.
- The solution we found: We used a specialist private bank who understood the unique structure of their public/private employment model.
- The client’s benefit: The private bank approved the comprehensive loan facility, totalling circa $7.8 million, covering the complex construction, investment, and practice finance needs.
Supporting early career investment
A Neurosurgeon in training, working as a registrar, started earning additional income as a sole trader and wanted to purchase an investment property.
- The solution we found: We were able to use his short-term additional income from his ABN and recent financial evidence to top up his income. The bank understood that his income would double or triple in the coming years.
- The client’s benefit: This allowed him to qualify for the investment loan he required early in his career.
Structuring income for General Practitioners (GP)
GPs often move from low split client income roles to much better splits of 60 to 70% of patient fees. These higher income sole trader roles are often short term.
- The solution we found: We knew exactly which lenders would accept this higher short term income and how to structure the loan proposal to meet their requirements.
- The client’s benefit: We ensured they could leverage their significant increase in earning power to secure the loans they needed.
FAQs for medical professionals
Do I need two years of tax returns if I recently moved into private practice?
No. We specialise in finding lenders who accept alternative income verification. For self employed doctors, we structure the application using recent business activity figures and short-term profit and loss reports to quickly demonstrate your true income.
How do doctors get finance for multiple investment properties?
The strategy involves finding lenders with flexible policies that look at your complete financial profile, rather than relying solely on rental income from the properties themselves. We focus on structuring the loans so that we can leverage your existing equity and ensure that holding those properties does not unduly restrict your serviceability for future purchases.
Is it better to use a private banker or a mortgage broker for large loans?
For large loans, both options offer personalised service. The main advantage of using us is choice. A private banker is limited to the products and policies of one bank. We are independent and can shop around our entire panel of over 90 lenders, including many private banking arms, to find the most suitable loan and most competitive rate for your circumstances.
Can I get a home loan with a low deposit if I am a medical professional?
Yes. Many lenders offer flexible policies for doctors and medical specialists. It is a good idea to consider speaking to us about whether your specific circumstances and profession may qualify you for preferential terms.