One of the largest impacts on your overall profit is the payment of capital gains tax to HMRC. This is a tax levied on all properties that are not your main residence. So this doesn’t just affect Buy to let’s but also 2nd homes and holiday homes anywhere in the world (you can currently... Read more...
Thankfully, the tax changes on buy to let properties, put into place by George Osbourne will not affect seafarers in the same way, here, we explain why:
Changes to the way finance costs can be offset against rental income will mean, over the next 5 years, landlords will gradually see... Read more...
There seems to be a lot of myths and misunderstanding surrounding mortgages and yacht crew. The 5 main myths that pop up all the time when initially speaking to clients:
1. I need a permanent contract in order to get a mortgage?
False: If you have fixed term contracts, and... Read more...
“I had heard so many stories from fellow seafarers on the difficulties of acquiring a mortgage.
For me this was quite the opposite, Clare Viner at Mortgages for Yacht Crew made the whole process of purchasing a property painless.
Without her I would have gone from one... Read more...
Becoming a landlord for the first time last year, Clare Viner (Mortgages for Yacht Crew) went on a steep learning curve on the legalities involved when renting out properties and took away a valuable lesson in following the correct procedure from the outset.
Clare wanted to sell the... Read more...