The last couple of years have brought various challenges for those looking to purchase property in the UK, although many of the challenges have not deterred yacht crew who continue to look for solid investment opportunities for their hard-earned cash in 2025.
Some yacht crew may prefer traditional investment vehicles whereas many are still keen to own and invest in UK property, as they see it as a long-term prospect. So, what is this year likely to offer yacht crew whose investment preference is in UK property?
1. Many industry commentators are suggesting that 2025 will be a ‘buyers market’
2. It is widely muted that all things being equal we can expect multiple reductions to the Bank of England base rate
3. Mortgage lenders will have new ‘targets’ to aim for so are likely to be more aggressive with their mortgage pricing and criteria to attract the business they desire
Any combination of these factors will undoubtedly build momentum in the market and present some good opportunities for those keen to get on to the property ladder, or add to their existing portfolio.
With this in mind, early engagement with a mortgage adviser is highly recommended so that some initial preparation can be done to get ‘mortgage ready’ ahead of the time a mortgage may be needed. A mortgage adviser will be able to provide expert advice and personalised hints and tips on how to prepare yourself, ready to get the mortgage you want when you need it.
Are you superyacht crew looking to supercharge your financial future?
We have partnered with an experienced mortgage broker for many years and their advisers understand the challenges faced by yacht crew when it comes to buying a property in the UK and getting a mortgage. The advisers will be happy to discuss your circumstances and future requirements at no obligation so that you are ready when the time comes to buy.
Get in touch with CrewFO here.
