Market Harborough launches aviation worker mortgage
Market Harborough Building Society has launched a mortgage targeting workers in the aviation industry.
The product is available to cabin crew staff, pilots, engineers and air traffic controllers, who are struggling to secure a mortgage because their income is too complex.
The lender highlights cabin crew workers who are often paid a basic salary, plus on-board commissions, sector and standby pay, also night stop allowances.
Aaron Strutt, product manager at Trinity Financial, says: “Some of the lenders will say that allowances are not guaranteed and they may not be accepted in their affordability calculations.
“Providing payments can be evidenced over two years, the lender will take 100% of the average giving the application a true reflection of what they are earning.”
In order to qualify borrowers will need a 25% deposit. There is a minimum loan size of £100,000 and a maximum of £1,500,000.
For help to secure an aviation worker mortgage, call Trinity on 020 7016 0790.
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