Hospitality Industry Mortgages

Hospitality Industry Mortgages

Hospitality Industry Mortgages

Estimated reading time: 3 minutes

If you work in the Hospitality Industry and are looking for mortgage advice, then you are in the right place. Prospect Tree Mortgages understand your job and can give you the best advice for your personal circumstances.

The hospitality industry has suffered exceptionally testing times in the wake of the COVID-19 pandemic.  Businesses were forced to quickly adapt to fast-changing guidelines or close their doors, with no certainty of when they could be opened once again.

All this happening whilst contending with a dramatic drop in profits caused by significantly less footfall and soaring costs.

Not out of the woods yet

Now with inflation reaching 13-year highs, and the Bank of England warning of ‘apocalyptic’ rises to food prices, it’s unsurprising why so many businesses are still feeling the pinch.

After all, customers now have far less money to spend on luxuries and with price hikes across the board, eating out is certainly becoming a luxury for most.

Staff and employers of the hospitality industry alike will surely be feeling the strain in these uncertain times.

Whilst Prospect Tree Mortgages are unable to lend a hand with these dilemmas specifically, we can help those who own businesses or are employed within the hospitality industry to find the mortgage which suits them best and find some security in the knowledge that they have chosen the product which saves them the most amount of money possible.

Hospitality Industry Mortgages

The best mortgage for you will largely depend on what you do within the Hospitality industry. If you are a business owner, then you could have more options available than someone who is employed in the industry.

If you are an employee in the hospitality industry, then you will have certain nuances to your pay structure which will affect how lenders calculate your maximum mortgage size.

Prospect Tree Mortgages are here to help you get the best advice for your mortgage as either a business owner or employee in the hospitality industry.

How we can help

Our team of experts can help guide you through the entire application process and project manage your case until completion.

To start your search today, book yourself a phone call with one of our experts by following the link below.

You can book a call in less than 30 seconds, and we will remind you via email and SMS beforehand.

This is a FREE initial enquiry, so you don’t need to worry about being charged.

We look forward to speaking to you soon!

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