📞 0432 634 648 — Lawyer Mortgage Specialist

Solo Lawyer: Home Loan Capacity from Private Practice Income

Mortgagefy Team • 7 min read

Solo practice income is variable—but stable over 2+ years. Here's how to present it for maximum approval odds.

The Challenge

Legal income is highly variable: partnership structures, contingency fees, billable hours, and solo practice all present unique challenges to traditional lenders. Here's how specialist lenders value your earning capacity across different practice structures.

Real Examples: How Specialist Lenders See It

Law Firm Partner

Income: $250k draw + $150k average profit share

Home Value: $950k home

Result: Tax return shows $400k but with variability. Specialist: partnership agreement + performance history, approved $1.1M

Solo Practitioner

Income: $280k/year from private clients, variable client base

Home Value: $650k home

Result: Income varies 20% year-to-year. Specialist: 2-year average + client retention history, approved $750k

Associate with Bonus Structure

Income: $120k salary + $80k bonus (5 years history)

Home Value: $600k home

Result: Traditional bank: 'Bonus is discretionary.' Specialist: payment history + employment contract, counted full amount, approved $720k

How to Get Approved

  1. Gather documentation specific to your income structure (not just tax returns)
  2. Find a specialist lender who understands your profession
  3. Present your income optimally—showing gross, net, projections, and add-backs
  4. Work with a broker who can match you with the right lender first time

Get Your Free Assessment

Tell us your income structure and we'll show you exactly how much you can borrow—and which lenders will approve you.

Call 0432 634 648 — Free Assessment

No obligation. No broker fees.