Yacht Crew Financial Advice for International Yachties
UK Mortgages for Yacht Crew
You would think with your significant, tax-free income and few real outgoings that getting a mortgage would be easy. Unfortunately, for the last 2-years lenders have kept away from Foreign Currency Lending to Dollar and Euro earners wishing to borrow in the UK.
Fortunately, all is not lost. We have considerable expertise in Yacht Crew Financial Advice and a near perfect success rate in getting Residential and Buy-to-Let Mortgages for Yacht Crew, plus interest rates are at an all time low. We are currently completing around 5 mortgages every month. Speak with us before doing anything else as you may be surprised at the result.
Flexible Savings for Yacht Crew
Imagine a time when you no longer wish to work on the Yachts, difficult to picture I know, but the time will come. Now picture how you are going to live a good lifestyle when you are not earning a tax free income. You pay no tax, so makes sense to save the tax equivalent amount instead so you do not arrive on dry land with a financial bump?
Avoid Contractual Savings Plans, where the high charges will lower your returns. We only advise on non-contractual, flexible (start-stop when you need to without penalty), no fixed term plans. To make sense of all of the investment options open to you, specialist Yacht Crew Financial Advice is the way forward. We can advise the right plan for your exact circumstances.
Investing for Growth or Income
Whether you need to invest for long-term capital growth, an income from your investment or both, the issues are complicated. Do you consider tax-efficiency first, or is it more important to look for better investment growth? Where do you invest given your unique tax position?
A full review of your current investments and building a long-term plan for income without depleting your capital is crucial to your financial future. Risk management, tax and costs of investment all play their part.
Qualified, Independent Yacht Crew Financial Advice is crucial to ensure all of the factors are taken into account.
Pensions & Pension Transfers
You spent years building up your pension possibly in the UK, but now you are on the Yachts. What can you do to ensure you can still build up a fund to provide income in retirement? Can you still contribute to your pension or do you need to consider something else given your unique circumstances.
Pensions are a complex subject, even more so when you have cross-border tax implications and currency fluctuations to consider. A “Holistic” overview of your situation with Qualified, Independent Yacht Crew Financial Advice in mind should be the first course of action.
Existing World-Wide Assets
Structured Notes, ISA’s, National Savings, Property, Bank Accounts, Offshore Investments and so on. All probably wise decisions at the time, and some very tax-efficient. But what is your tax position as Yacht Crew and how does that determine how you should be holding your assets now?
If you have existing investments around the world it makes sense to conduct a full review of how they are held to avoid a nasty tax shock. New investments also need to be considered carefully. Haven Financial Advisers are expert in advising International Yacht Crew.
Our Trusted Partners
Sometimes the advice you need falls outside of our areas of expertise. For these eventualities we have carefully selected a range of trusted experts from the legal, accounting, mortgage and currency exchange professions to make sure things run smoothly.
For example, we often find the Yacht Crew are paying very high charges to their bank for currency transfers when a good Foreign Exchange Broker could save them a lot of money on fees.
We work with them personally so you can be confident in working with them too.
Who are Haven Financial Advisers?
With more than 24 years experience advising both corporate and individual clients in the UK and also world-wide Expats and Yacht Crew, we are ideally placed to help you plan for the future. Unusually for Spain, we offer Fee-based Yacht Crew Financial Advice which sets us apart from the “commission hungry salespeople” you may have encountered in the past.
Meet the Team
Sandy Paterson DipFA, CeMAP, MLIBF
Principal
With more than 24-years experience advising clients both in the UK and here in Spain, Sandy is well placed to run Haven. He is UK Diploma qualified and UK CeMAP qualified for mortgages.
Sandy has a reputation amongst Yacht Crew as the “go-to” person for Yacht Crew Mortgages, Savings and Investments & is well regarded in Expat circles also.
Haven Financial Advisers are unusual in being “fee-only financial advisers in Mallorca” which makes a significant difference in the delivery of advice to clients.
Lesley Higdon
Practice Manager
With 10-years running Financial Management and Wealth Management offices in the UK and Spain. Lesley knows what it means to be available for our clients to respond effectively and efficiently to enquiries. The “best outcome” for our clients starts with your first contact with Lesley and you will have complete confidence from day one.
Marc Rees
Independent Financial Adviser – ACSI
Marc provides Independent Financial Advice in Mallorca. You are likely to find him at various networking meetings, business conferences and Expat groups around Mallorca or in the Marinas. He could well be your first point of contact with us and will provide you with qualified, fee only Financial Advice to help secure your financial future.
Marc is fully qualified to give International Financial advice via the Level 3 International Certificate in Wealth & Investment Management (ACSI).
Marc is very well known in Yacht Crew circles in Palma and can be found discussing financial matters with Yachties most days. Look him up and discover the Haven difference today.
Contact Information
Get in touch with us today to experience the difference a Haven Financial Adviser can make to your future.