Expat Yacht Crews

Expat yacht crews are using broker services to their benefit.
A recent survey of expat yacht crews found they are using an independent mortgage adviser when looking for an expat mortgage.
Its survey of over 400 crews found that only 31% weren’t employing the services of an independent broker.
There are plans to use the research to tackle the misperceptions about independent mortgage advisers and raise awareness about how they can help borrowers to find the right mortgage.
Yacht crews due to their constant moving around can save so much time and money, plus modern communications make it simple to keep up to date with their application.
Crews going through an independent mortgage adviser have access to many more mortgages than those going direct to the lender, including specialist mortgages for the self-employed, yacht crews and later life lending solutions such as lifetime mortgages.
Homeowners who benefitted from a mortgage adviser searching the market for the best mortgage deal were more likely to have switched in the last five years (29%), compared to just 19% of those who went direct.
Borrowers who used a mortgage adviser were also overwhelmingly in favour of doing so again. 98% said that they found the support of a mortgage adviser ‘valuable’ and a further 95% said they would recommend using a mortgage adviser to family or friends.

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