Mortgages for clients with professional football contracts.
Gamla Stan, Stockholm
Mortgages for Professional Footballers.
Fox Davidson arrange mortgages for professional footballers. We secure finance for footballers that are employed by a Football club on a short to medium term contract. Mortgage lenders will usually look for a history of employment from a Football Club (not necessarily the same Football club) but we can also secure finance for a client with a new contract and no previous history.
FIFA define a professional footballer as someone who has a contract with a club that pays them more than their expenses.
How do lenders underwrite a mortgage for a football player?
Mortgage lenders accept income through payslips and/or a copy of the current contract. The lenders we work with include high street banks, private banks and broker only mortgage lenders that are all familiar with UK professional football contracts.
If you have just turned professional then the length of the contract will be paramount to securing a mortgage whereas if you have been professional for at least one year then a shorter term contract for perhaps just a season will be sufficient.
One of the main considerations when assessing income will be the basic salary as this is the guaranteed part of your income but lenders will also use goal bonuses, clean sheet bonuses and appearance bonuses. Some lenders will take 100% of these bonuses depending on factors such as the regularity of the income and the reliance on them to fund your mortgage and your lifestyle.
Another key factor for a football player will of course be the fact that the stated retirement age in a football league or premier league contract is 35 years old. Where a client is nearing that age a lender may look to see plans beyond playing professional football for a club, examples include working towards coaching badges, work in TV or media or sufficient pension income or other sources of income to meet the mortgage repayments.
Fox Davidson are well versed in lenders criteria for football players and we know which lenders will lend depending on any given situation.
Professional footballers earning income from outside sources.
Many professional footballers requiring mortgages will have paid work outside of their standard football contract, sources include advertising & property income.
Income from external sources can be paid as secondary employment (depending on the terms of the main contract with the football club) or more commonly as tax efficient income through a Ltd company. Fox Davidson can secure mortgage finance where the income of a professional football player is channelled through a Ltd company either in the UK or via an offshore Ltd company such as a BVI Company. The mortgage lenders we work with will look at the profits of the Ltd Company rather than just salary and dividends, all of which are niche ways to maximise the mortgage lending potential.
Whatever your situation, as a whole of market independent broker securing mortgages for footballers on a regular basis, we know which lenders to place your lending requirements with and will get it right first time and at the most cost effective terms.
As you would expect from a professional brokerage dealing with clients in the public eye, we assure discretion and are aware that Footballers or professional sports persons are in the public eye and therefore any transactions are handled sensitively and in complete confidence. Fox Davidson are fully regulated by the Financial Conduct Authority and have a data protection license which essentially means we must keep all information between ourselves and you, the client. We will never disclose your details to third parties.
In the first instance we will need to discuss your options in a phone call and then arrange a meeting to discuss your mortgage requirements in more detail. We can place mortgages for footballers wishing to borrow £100,000 to in excess of £10 Million and at very competitive interest rates.
Please contact one of our brokers to mortgages for professional footballers in more detail.