Owing to the circumstances of being a professional athlete, obtaining a Mortgage as a professional sports person or athlete can be tricky at Mortgage Success we have experience with this and can help to package your case up to improve the chances of acceptance and pre-empt the typical questions asked by underwriters to make the process as smooth as possible.
Underwriters have all sorts of concerns:
- When your professional career ends, what are your plans?
- Will your income be the same if you become injured?
- What happens when your contract finishes?
- How long until your professional playing career ends?
There will be more questions of course, but those are some of the more important ones.
How can we help?
Thankfully there are mortgage lenders out there who will take a pragmatic view on these concerns and will look at complex mortgages a little differently. For example, if you have been a professional at something then you are in a good position to either coach and train others in the industry. Alternatively you may have built up contacts from promotions and marketing events or management etc and take on another role within the club or a previous club or you may even decide to go down the route of commentary work on the television or radio.
We find the same need for complex mortgages in the no sports world in the same way as many skilled professionals such as engineers and electricians often find the lure of big money working fixed term contracts abroad and whilst common sense would tell you that these professionals are earning two or three times their UK annual earnings per year the high street mortgage lender doesnt see past the fixed contract and many professional sports persons are on similar fixed contracts so it pays to look at the whole of the UK mortgage market to find the right deal that is right for your complex mortgage needs.
We do have Mortgage lenders prepared to sit down and take a look at your situation where we can discuss the case with the underwriter in order to try and get them on board. This does not usually mean high interest rates as we have relationships with lenders who can offer Mortgages for professional sports people and athletes at normal interest rates.
Are you are a sports person looking for a Mortgage and have struggled? If so, give us a call. We can have a chat and discuss your options.