Seafarer mortgage for UK yacht crew paid in Euros
The Scenario
This client had been directed to our experience in setting up mortgages for seafarers. He and his wife had found their dream first-home for £310K: a smallholding in west Wales, with space to bring up their two-year-old and the baby on the way.
He’s chief engineer on a chartered classic 3-masted superyacht in the Mediterranean, earning €72,000 a year tax-free.
Like many yacht crew, he was unclear about what advantages his tax-free earnings might give him as a buyer, and whether he’d be eligible for a UK mortgage at domestic or expatriate rates.
The Solution
We were able to clarify his eligibility for the HMRC Seafarers Earnings Deduction.
The couple were looking for a five-year fixed rate, because – with their wage-earner’s extended absences for work – they didn’t want to be renegotiating their mortgage in just two years’ time. We found them a rate of under 2% on a 25-year term: they’re delighted.
Jacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
Are you looking for a similar type of property finance? I specialize in helping international clients source residential and investment property finance for UK property. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.
Jack Spillane
Finance Broker
Bristol
0117 959 5094
Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.
Mathew Phillips
Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Alex Chambers
Senior Finance Broker
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
Luther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.
Robert Gibb
Senior Finance Broker
Bristol
0117 959 5094
Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.
Adam Arnott
Associate Director
Bristol
0117 205 0214
Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.