5 Steps to Obtaining Good Credit

Posted on 20 Mar 2018
5 Steps to Obtaining Good Credit

A successful mortgage application often hinges solely on your credit rating. Credit ratings and scoring systems are very subjective with each lender having their own particular criteria for determining this. There are online systems you can use such as Experian & Equifax. Thus it can be... Read more...

Five Point Guide to a Successful Mortgage Application

Posted on 07 Mar 2018
Five Point Guide to a Successful Mortgage Application

When it comes to obtaining your first mortgage, or your 2nd or 3rd it helps to have your ducks in a row. Our short 5 Point guide should help to ensure that your mortgage gets off to a flying start:

- Good Credit rating

- 3 months... Read more...

Success Story: James & Ed

Posted on 28 Feb 2018
Success Story: James & Ed

POWER OF NUMBERS

On paper UK Seafarers look like the ideal mortgage candidate. Impressive income, little in the way of bills, and no tax liability leave plenty of room for a monthly mortgage payment. When examined further under the new rules of affordability, once again... Read more...

House Prices Rise By 0.8% In January 2018

Posted on 20 Feb 2018
House Prices Rise By 0.8% In January 2018

The housing market has got off to a positive start in 2018, with the average house price of newly marketed properties, rising by 0.8% (£2,414) to £300,001.Rightmove (which tracks 90% of the UK property market) have seen ‘record’ levels of house-hunting activity and demand for housing... Read more...

Interest Rates Set To Rise

Posted on 15 Feb 2018
Interest Rates Set To Rise

There is one certainty of 2018; rates will go up and borrowing is going to become more expensive.

Last Thursday Mark Carney, governor of the Bank Of England announced that earlier and larger interest rate rises throughout 2018 are likely. The aim is to tackle UK inflation, the effect... Read more...

Refer a Friend & Receive £25

Posted on 09 Feb 2018
Refer a Friend & Receive £25

They say that you make you own luck in life, but we all need a helping hand once in a while. At Mortgages For Yacht Crew we recognise how our clients have helped us grow our business by referring friends & colleagues. In recognition of all your help, we would like to extend an offer to you by... Read more...

Introducing Mortgages For Yacht Crew

Posted on 08 Feb 2018
Introducing Mortgages For Yacht Crew

At Mortgages For Yacht Crew we understand that Seafarers don’t always fit the mould for high street lending. Being paid in foreign currencies, not receiving payslips and having limited outgoings can make most lenders run as fast as they can in the other direction. We recognised this... Read more...

First Time Buyers Tax Relief

Posted on 06 Dec 2017
First Time Buyers Tax Relief

If you ever speak with a Financial Adviser about investing in property they will probably say that it offers good returns, but is terrible in terms of tax planning! They were probably right, until the Chancellor of the Exchequer made sweeping changes to Stamp Duty for first time buyers in last... Read more...

Bank of England Vote to Change Base Rates

Posted on 02 Nov 2017
Bank of England Vote to Change Base Rates

The Bank of England have today raised the UK Interest Rates from 0.25% to 0.5%.

Despite the decision not being a unanimous vote, the bank obviously had a change of heart and reversed August 2016’s rate reduction in an attempt to support the economy following the Brexit vote.

... Read more...

Why Buy to Let Investments still work for Seafarers.

Posted on 21 Oct 2017
Why Buy to Let Investments still work for Seafarers.

Buy to Let Investments have always been a staple when it comes to investments in the UK. The recent changes to mortgage tax relief and stamp duty by George Osbourne have shaken investors beliefs in this asset class. However, these tax changes will not affect Seafarers in the same way and below... Read more...