Mortgage Broker in Glenfield
Mortgage Broker in Glenfield
NHS income and how lenders treat it
Basic salary is straightforward. Everything on top of it is where lenders differ, sometimes dramatically.
Unsocial hours enhancements. Under Agenda for Change, staff working nights, weekends and bank holidays receive percentage enhancements. Some lenders count these in full, some at 50%, some not at all. For a nurse or healthcare assistant working a permanent night rotation, that is a very large difference in borrowing.
Regular overtime. Usually counted at 50% to 100% where there is a consistent twelve-month history. Some lenders want it evidenced on every payslip; others average it.
Bank shifts. Additional shifts taken through the trust's bank. Treated more cautiously because they are not contractual, but a number of lenders will count them where there is a sustained pattern. Some will not touch them.
Second jobs and agency work. Counted by some lenders where there is a track record.
Two lenders assessing the same nurse, on the same payslips, can produce borrowing figures £30,000 or more apart. Nothing about the applicant changes — only the policy.
Bring three months of payslips, and if enhancements vary seasonally, bring twelve. We will tell you which lenders count what.
The same applies to anyone in shift-based employment locally, not only NHS staff.
Property in Glenfield
Glenfield sits immediately north-west of the city, in the Blaby district, with the A50 running through it.
Older village core
around Main Street and the church, with some period property.
Extensive post-war estates
— semis and detached houses of standard construction, the bulk of the market and the easiest to finance.
Newer development
on the edges, particularly towards Kirby Muxloe and Groby.
Some ex-local authority stock
where houses mortgage without difficulty and flats are more restricted.
It is a popular choice for buyers who want village character with the city and the hospital both minutes away, and for hospital staff the commute is the main draw.
Convenient for us
Glenfield is about five miles from our Enderby office — ten minutes by car. For shift workers that matters: we can often arrange appointments around a rota rather than expecting you to take annual leave for a mortgage meeting, and we work by phone and video where that is easier.
If you work a rotating rota, tell us the pattern at the first call. It changes which lenders we approach before we approach any of them.
What we do
Whole-of-market advice, over ninety lenders, and detailed knowledge of which of them treat enhanced and variable income generously.
- First time buyer mortgages
- Home mover mortgages
- Remortgage advice
- Income protection insurance — worth a look if your household depends on shift income
Speak to us
Call 0116 277 7536 or book a free consultation.
Cedar House, 3 Broad Street, Enderby, Leicester, LE19 4AA.
Nearby
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