Mortgages For The Entertainment Industry
Fox Davidson secure mortgages for Actors. We have access across the UK mortgage market. We work with high street banks, building societies, private banks and Broker only lenders.
Our clients include actors and entertainers working in theatre, clubs and television. Fox Davidson provide a discreet, personal service to all clients and adhere to data protection regulation.
We arrange Residential, Buy-to-let and Commercial Mortgages for clients wishing to fund property in the UK.
How is an Actor or Entertainer Paid?
This will depend on whether you have a major recurring role in television with a long-term contract or whether you work on a freelance daily/hourly basis. Income can also come from other sources such as ticket/merchandise sales or from advertising and sponsorship.
How Do Mortgage Lenders Treat an Actor or Entertainer’s Income?
This may be a short-term contract for perhaps 3/6 or 12 months or a rolling annual contract. In this instance, we will look to place lending with mortgage lenders that will use your day rate. The amount you can borrow can be very high when calculated this way. You will need to have a history of subsequent contracts or be in a long-term contract presently.
Freelance – Sole Trader & Limited Company
Your income will be running through a Limited company or as a sole-trader. Mortgage lenders will use your net profit as per your tax return or in the case of a Ltd company they will require your company accounts. It is possible to secure a mortgage with just 1 year’s figures.
What Are the Mortgage Terms for Actors & Entertainers?
- Mortgages up to 95% loan to value
- Up to approx. 5 x income
- Across the Market Mortgage Broker = Competitive Rates
- Repayment & Interest Only Options
Using a Mortgage Broker
Fox Davidson specialise in securing mortgages for actors and entertainers including dancers, comedians and magicians!
As an independent, across the market mortgage broker, we have access to lenders that can be flexible with their lending criteria.
When securing a mortgage for an entertainer we will use our knowledge and contacts to ensure we secure the best possible terms for your situation.
We work on your behalf so that you don’t have to take time out of your busy work day to negotiate with mortgage lenders.
Fox Davidson can secure mortgages for entertainers wishing to finance Residential, Buy-to-Let and Commercial property in the UK.
- Call or email one of our professional mortgage brokers. They will complete a short fact find with you and discuss your requirements.
- We search the market of 1,000’s of mortgage products and discuss your lending proposal with the chosen lender to ensure it meets criteria and is placed with the right lender, first time.
- Your broker will then present the best possible mortgage terms to you.
- On acceptance of the proposed terms we will complete all paperwork and handle the entire process from application through to completion on your behalf.
For more information please contact Fox Davidson to discuss securing mortgages for Actors and Entertainers.