When you are on the track, the last thing you want to be worried about is your mortgage. We can help you find the best mortgage deals available to you and your unique circumstances. When you’ve found the best deal, we will project manage your case all the way through to completion.
Mortgages for Motorsport Professionals
Prospect Tree Mortgages are independent and whole of market mortgage brokers. We research the entire mortgage marketplace for you and find you the best mortgage rates and products available to you and your unique circumstances.
We will calculate your maximum borrowing amount and help guide you through the entire mortgage application process.
As mortgage professionals we are used to helping clients from a broad range of backgrounds and have experience helping those with complex and out of the ordinary income structures.
This puts us in the best position to help motorsport professionals find the mortgage deals which suit them best.
You don’t have to be behind the wheel to be considered a motorsport professional! With such high stakes and rife competition, there are huge teams behind these races to ensure they go off without a hitch.
You don’t have to be behind the wheel to be considered a motorsport professional! With such high stakes and rife competition, there are huge teams behind these races to ensure they go off without a hitch. If you work as any of the following then you could be considered a motorsports professional:
• Vehicle Assembly Technicians
• Mechanics & Fabricators
• Vehicle Modelling Engineers
• Motorsport Coaches
• Logistics Managers
• Testing & Development
There are many other roles within motorsports too, but we’ve not listed them all here.
What is the best mortgage for a motorsport professional? Well, there aren’t any specific products for motorsports professionals at present. However, given how your income will be structured there will be lenders which are better suited to your profession than others. We can help you find the right one for you.
What is the best mortgage for a motorsport professional? Well, there aren’t any specific products for motorsports professionals at present. However, given how your income will be structured there will be lenders which are better suited to your profession than others.
In which case, it is important to take a broad view of the mortgage marketplace and pin down which lenders will be the most accommodating. Speaking to a whole of market brokerage like Prospect Tree Mortgages is a great start.
We can research the whole of the market for you and structure advice based around your short- and long-term property goals.
Prospect Tree Mortgages are independent mortgage experts based here in the UK. That means we can access all of the products available on the market and find the one which best suits your needs.
The main two types of mortgages for motorsports professionals are fixed rate mortgages and variable rate mortgages.
Fixed rate mortgages – Fixed rate mortgages are the most common type of mortgage. If you want stability of payments which will help you budget each month and are concerned with rising interest rates, then a fixed rate mortgage could be right for you.
The main downside to a fixed rate mortgage is that they often carry an ERC (early repayment charge). This means that you may be charged a percentage of your loan if you decide to pay it off early.
Variable rate mortgages – There are plenty of variable rate mortgages available to motorsports professionals. If you are on a variable rate mortgage, then your repayments are subject to change.
If the banks interest rates change, then your repayments will change with them. This is beneficially when rates are going down, but not when they are heading up.
As a Sports Professional you need to work with a broker who understands your income. We understand the intricacies of your contracts so are best placed to advise you.
Regardless of where you find yourself in the process, it is never too soon to start getting advice.
You can start understanding how much you can borrow, what mortgage rates are available to you and get an idea on how long the process will take.
You can fill in the form below or visit our contact and book yourself an appointment directly.
In many cases sports professionals require mortgages which offer flexibility. We can help you decide which mortgage is most suitable for your career.
So that we can focus on helping our customers find the best mortgage deals, we rely on our partner Stuart Porro and his company Is It Fast? to keep us up to speed with the latest news in the world of motorsports.
Is It Fast are committed to bringing you, the fans, supporters and speed junkies as much action, information, and entertainment as they can fit onto the internet.