Case Study – Overcoming Tax Deduction Challenges

Overcoming Tax Deduction Challenges

Seafarer Mortgage Case Study

This is a great case study on how Liquid Expat Mortgages helped a yacht captain benefiting from Seafarers’ Earnings Deduction to secure a UK mortgage.

The scenario.
Michael W, a yacht captain benefiting from Seafarers’ Earnings Deduction (SED), struggled to secure a mortgage. traditional lenders were reluctant to consider his reduced taxable income, which in turn reduced his borrowing capacity. Engaging with Liquid Expat Mortgages, Michael found a solution-oriented approach.

Here’s how it worked.
The team collaborated with a lender familiar with SED challenges, highlighting Michael’s overall financial stability beyond the tax deduction. We helped tailor a mortgage plan accommodating his unique financial circumstances. Michael successfully secured a mortgage that considered his SED, allowing him to purchase a home in the UK. Liquid Expat Mortgages’ expertise in navigating tax-related challenges proved instrumental in Michael’s homeownership journey.

Seafarer Mortgage Solutions

No mater where you are currently living or working around the world, Liquid Expat Mortgages can help you get a Seafarer Mortgage in the United Kingdom. Contact us now for a free quote.

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