Buying a house as a starting Freestanding Medical Specialist; how does the bank look at your application?

As a starting Freestanding Medical Specialist, there are plenty of things coming your way. After completing your training and mostly after a period of working in the hospital (as an employee), you now enter a new phase.

You are joining and also wish to purchase a home, but can you do so as a 'start-up entrepreneur'? How does the bank look at your application?

As an independent medical specialist you are an entrepreneur, working from a sole proprietorship or from a private limited company. Often you follow in the footsteps of a predecessor (read: replacement) or a place is created for you in a department (read: expansion). Although you have not yet had the opportunity to work for three years, there is an available history for these years within this professional group.

In preparing to purchase a home, we take you through your financial future. For example, we look at the figures of the past three years (of the position you are taking over) and make an analysis of your expected future income and cash flows.

We use this income when calculating the maximum mortgage options. Together we determine whether it is financially desirable to actually use these maximum mortgage possibilities. With this insight in your pocket, you can get started looking for your dream home.

After purchasing the home, we accompany the mortgage application to the bank. Together with the bank employee we carefully go through your application and ensure a clear story, a correct and competitive offer and settlement at the notary.

We will gladly guide you through the financial steps involved. If you would like to know what your options are, please contact one of our advisors.