Mortgages advice for professional rugby players
Fox Davidson secure mortgages for Rugby players playing both Rugby Union and Rugby League in the UK. We also work with expatriates and foreign nationals living outside the UK that wish to finance property in the UK.
We have successfully secured mortgages for Rugby players with various length contracts including players with their first professional Rugby contract.
Fox Davidson have partnerships with agents and players and are very well connected with the right lenders that will lend to professional Rugby players.
As a Professional Rugby player, you may also be entitled to media and advertising opportunities and Fox Davidson are able to utilise this income to assist with your total borrowing power.
We secure Residential, Buy-to-Let & Commercial Mortgages on UK property.
A Rugby Players Income
Similar to a professional footballer, a professional Rugby player will have a contract with a Club that employs them. The contract length can vary but will have a commencement and termination date. The Rugby Football Union (RFU) approved contract will stipulate the basic income. The contract will also state the basic salary and any individual and team bonuses a player may receive.
How Do Lenders Treat Rugby Contract Income?
Not all lenders are happy to lend where the contract is not permanent. This excludes many sports professionals on fixed term contracts, such as professional Rugby players. As a whole of market broker we work with lenders that will use 100% of the basic salary plus any bonuses received. In addition, many of the players we work with have income from advertising and sponsorship. This income can be ran through a UK or offshore Ltd company and we can then use this income to compliment the main contract income.
A major consideration for any amateur or professional sports player is injury. In the event of an injury you may lose a portion of your income and in the case of long term injury may find yourself out of work. At Fox Davidson we secure mortgage protection such as sports injury cover and life insurance to ensure that your mortgage can continue to be repaid in the event of an injury, illness or in the event of death.
Using a Mortgage Broker
Fox Davidson specialise in securing mortgages for rugby professionals. As a professional, across the market mortgage broker, we have access to lenders that can be flexible with their lending criteria. When securing a mortgage for rugby professionals 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 sports professionals 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 mortgages for Rugby players.
A mortgage is a loan secured against your home or property. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.