Wherever you sail,Home is covered.
Long rotations, contracts that run voyage by voyage, pay in US dollars or euros and tax treatment under the Seafarers' Earnings Deduction can all make a mortgage application harder than it should be. We present your income to lenders who understand life at sea and keep everything moving while you are away.
How we help
We act for merchant navy officers and ratings, offshore workers, cruise ship crew and superyacht crew and work around time at sea so you are never waiting until shore leave to make progress.
Fixed-term contracts and gaps between rotations are normal at sea. We approach lenders who look at your work history across contracts rather than a single unbroken job.
Pay in US dollars, euros or other currencies is accepted by some lenders. We find those whose criteria fit and explain how exchange rates are applied.
Where you pay little or no UK tax because of the Seafarers' Earnings Deduction, some lenders need to see the right evidence. We help you prepare it so your income is assessed fairly.
Applications, documents and signatures can be handled from on board where connection allows and we keep your solicitor and estate agent updated while you are at sea.
Typical scenarios
Illustrative examples of the situations we are asked to help with. They are not accounts of individual clients.
A second officer works three months on and three months off through a manning agency and wants to buy a first home.
We present the contract history across several years so that lenders see a continuous career, not a series of short jobs.A chief stewardess on a private yacht is paid in euros and spends most of the year outside the UK.
We approach lenders who accept foreign-currency income and overseas work and arrange the application around the yacht's season.An offshore engineer on a fixed rotation wants to remortgage to release funds for an extension before the next trip.
We secure an agreement in principle before departure and manage the application while the engineer is offshore.Frequently
asked questions
Can I get a mortgage if I work on fixed-term contracts?
Often, yes. Many lenders will consider seafarers on rolling contracts where there is a consistent history of work in the same field.
Will lenders accept income in US dollars or euros?
Some will, usually with an adjustment to allow for exchange rate changes. We match you to lenders whose criteria suit the currency you are paid in.
I claim the Seafarers' Earnings Deduction. Does that affect a mortgage?
It can change the evidence a lender asks for. We will explain what is needed and help you prepare it before the application is submitted.
Can the whole process be handled while I am at sea?
In most cases, yes. We work remotely by email, phone and WhatsApp and plan key steps around your time ashore where a signature or meeting is needed.
Speak with us today
Tell us about your rotation and what you would like to buy or refinance. The first conversation is without obligation.
Your home may be repossessed if you do not keep up repayments on your mortgage. Lending is subject to status, lender criteria and individual circumstances.