Mortgages for offshore oil and gas workers
Mortgages for offshore workers
Offshore pay and rotas are unusual, with rotations, allowances and sometimes day-rate contracts. Tony helps offshore workers across Scotland compare mortgage options from over 100 lenders and explains how lenders may view rotational pay.
Talk to TonyAt a glance
- Advice for offshore and energy sector workers
- Access to 100+ lenders and around 28,000 deals
- Rated 5.0 from 235+ Google reviews
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
How Tony can help offshore workers
Rotational work and variable pay need a lender who understands them.
What lenders may look at
- Many lenders will use basic pay, and some count regular allowances.
- Contract and day-rate workers may be assessed on contract history or on accounts.
- Income paid in another currency may reduce your choice of lenders.
- Evidence of regular rotations on your payslips can help.
Meet your adviser
Hi, I'm Tony Flynn
I'm a mortgage and protection adviser based in Carluke, helping people across Lanarkshire and Scotland.
I've spent 15+ years in finance and have been named Mortgage Professional of the Year at the Prestige Awards Scotland five years in a row. I'll explain your options in plain English so you know exactly where you stand.
Offshore mortgage questions
Can I get a mortgage as an offshore worker?
Yes. Lenders will look at your pay, rota and employment type. Tony can search for lenders whose criteria suit offshore and rotational work.
Do lenders count offshore allowances?
Some lenders count a proportion of regular allowances where they appear on your payslips. Each lender has its own rules.
What if I work abroad on a contract?
Some lenders will lend to workers with overseas income, while others may not. Tony can advise on your situation.
Do you charge a fee for mortgage advice?
There may be a fee for mortgage advice. The amount depends on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. We will explain this before you commit.
Can you help with protection as well as a mortgage?
Yes. Tony can also advise on life insurance, critical illness cover and income protection alongside your mortgage.
Related pages
More advice for people in similar situations.
Ready to talk it through?
A quick chat with Tony is a good first step. No jargon, no pressure.
Talk to Tony