If you are a resident (junior) doctor, a locum or an associate dentist, the way some lenders read your income is changing, and it could make a real difference to how much you can borrow.
What has changed
From 9 November 2026, Halifax Intermediaries assesses eligible resident doctors, locum doctors and associate dentists in the same way as permanently employed borrowers. Until now these applicants were treated under its contractor calculations, which annualised income over 46 weeks. Now full annual income can be considered, subject to affordability checks and lending criteria (Mortgage Solutions and The Intermediary, 10 November 2026).
Halifax says the change brings these roles into line with how it already treats nursing bank staff, and should simplify assessments and widen access to lending.
Why it matters now
The Bank of England raised Bank Rate to 4% on 5 November 2026, the first rise since 2023. Higher rates mean tighter affordability, so how a lender counts your income matters more than ever. Two lenders can look at the same payslips, invoices or locum schedule and reach very different borrowing figures.
The same is true beyond medicine. Contractors, freelancers, newly self-employed people and those who have just arrived in the UK can all find that one lender's policy fits far better than another's. This week, for example, a building society widened its options for foreign nationals, with applications considered from the first day of UK residency (Mortgage Solutions, 10 November 2026).
How to get your case ready
Lenders want a clear, consistent picture of your income. A little preparation now can save weeks later, especially if you are moving between rotations, trusts or practices.
Quick tips
- Gather your evidence early: contracts, recent payslips, locum or practice statements, and your last two years' tax calculations if you are self-employed.
- Know your next move: if a rotation or contract ends soon, tell your adviser. Some lenders accept a new contract or offer letter.
- Check your credit file before you apply and correct any errors.
- Don't assume your bank's answer is the market's answer. Criteria differ widely between lenders.
- Plan ahead on remortgages: start looking three to six months before your current deal ends.
How OMB can help
Our CeMAP-qualified advisers compare lender criteria across the market for doctors, dentists, contractors and the self-employed, and match your income to the lenders most likely to count it fully. See our self-employed and contractor mortgages page, work through our mortgage documents checklist, or get a feel for your budget with our borrowing calculator. Starting a new role? Read how we helped a buyer on probation in Manchester.
Sources
- Mortgage Solutions, 10 November 2026: Halifax updates medical professional affordability
- The Intermediary, 10 November 2026: Halifax Intermediaries enhances affordability assessments for medical professionals
- Bank of England, 5 November 2026: Bank Rate increased to 4%
To talk it through, contact us or start your enquiry.
Important: This guide is general information, not personal advice. Rules, rates and lender criteria change; speak to an adviser about your circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage.