Cabin Crew Mortgages
At Yes Mortgage Services, we understand the unique challenges cabin crew face when applying for mortgages. Our specialist broker, Michael, brings a dual expertise as both a mortgage expert and an in-flight manager, offering unparalleled support to airline staff seeking mortgages.
Why Choose Yes Mortgage Services for a Cabin Crew Mortgage?
1. Industry Insider Knowledge: Michael’s experience as an in-flight manager gives him a deep understanding of the complex pay structures in the airline industry.
2. Proven Track Record: We’ve successfully helped hundreds of cabin crew members secure mortgages.
3. Lender Relationships: Mortgage lenders seek Michael’s expert opinion on understanding cabin crew pay structures, ensuring we’re always at the forefront of industry developments.
4. Tailored Advice: We know that your income isn’t just a basic salary. We factor in flight pay, allowances, and other components unique to cabin crew.
Understanding Cabin Crew Mortgages
Securing a mortgage as a cabin crew member can be challenging due to the complex nature of your income. Many lenders struggle to understand the intricacies of:
– Basic salary
– Flight pay
– Overtime
– Allowances
– Seasonal variations in income
At Yes Mortgage Services, we have the expertise to present your income in the most favourable light to lenders, potentially increasing your borrowing capacity.
How Lenders Assess Your Income
We understand that your basic salary is rarely a true reflection of your take-home pay. Our approach includes:
1. Comprehensive Income Assessment: We factor in all aspects of your income, including overtime, flight pay, expenses, allowances, and cash passports.
2. Flexible Averaging: Lenders like to have 3 months of pay slips to review your income.
3. Maximising Flight Pay: We work with lenders who understand the importance of flight pay and are willing to consider 100% of this income in their calculations.
How Much Can You Borrow?
While many lenders typically offer mortgages at 4-4.5 times your income, we work with specialist lenders who understand the airline industry and may offer:
– Mortgages up to 5 times your income
– In some cases, even 6 times your income for high earners
For example, if your basic salary is £20,000 and you earn £12,000 in flight pay and allowances:
– A standard lender might offer £128,000 (4x £32,000)
– Our specialist lenders could offer up to £160,000 (5x £32,000) or even more
Additional Services We Offer
1. Joint Mortgages: We can help couples in the airline industry combine their incomes for greater borrowing power.
2. Bad Credit Mortgages: If you have less-than-perfect credit, we can guide you towards lenders who specialise in this area.
Required Documentation
To streamline your application, you’ll typically need to provide:
– Identification (passport or driving licence)
– Proof of address (recent utility bill or bank statement)
– Last 3-6 months of bank statements
– Last 3-6 months of payslips
– P60 form
– Proof of deposit
– Letter from your employer detailing your income structure (sometimes)
Why Choose Yes Mortgage Services?
1. Specialised Knowledge: Our unique position in the industry gives us unparalleled insight into cabin crew mortgages.
2. Access to Exclusive Deals: We work with lenders who offer products tailored to airline staff.
3. Time-Saving: We handle all the paperwork and liaise with lenders on your behalf.
4. Ongoing Support: Our service doesn’t end when you get your mortgage – we’re here for remortgaging and future property purchases too. We also have an insurance advisor, Kelly, who works closely with Michael to ensure your insurance and protection needs are supported.
Don’t let your unique income structure hold you back from homeownership. Contact Michael at Yes Mortgage Services today for expert advice on cabin crew mortgages. Let us help you turn your property dreams into reality.