Lenders will often request additional documentation to assist them with underwriting your mortgage and you will need to provide evidence you have a UK bank account for your monthly mortgage payments.
Your dedicated Client Service Manager will advise you on all documentation that is required and take care of all the paperwork for you, giving you peace of mind that your application is in the best possible hands.
As a seafarer looking to purchase your first home, the process can seem daunting. Fortunately, we can help make the mortgage journey more straightforward. Our consultants will guide you through the application process, ensuring you’re in the best possible position for lender acceptance.
Seafarers looking to make their first home purchase can often encounter several challenges, however it is still possible to qualify for a mortgage, even for offshore contractors trading via a Ltd company, starting on day one or using an umbrella company. We assess mortgages based on gross contract value, meaning if your daily rate is, for example, £500, you might be eligible to borrow up to £600,000.
We also support the Shared Ownership scheme and advise clients that the use of Lifetime ISA savings towards a deposit is an option. Our offers include deposits as low as 5%, borrowing based on your annual contract rate and borrowing up to five times your income.