Most lenders will not even look at income in a foreign currency. And then you have to factor in the offshore work, residency, not paying UK tax but submitting tax returns under the seafarers’ earnings deduction, fixed-term contracts, no payslips – the list goes on!
When faced with this information that does not neatly ‘tick’ all of their policy boxes, an underwriter will have no option but to decline your application.
But all is not lost, Professional Contractor Mortgages can help find you seafarer mortgage providers for your unique needs.
