The UK Property Market Slows Down

Yacht crew could be presented with unique UK property investment opportunities despite the market heading towards the end of what has been a few years of frenzied activity. In recent years, many properties were sold before the ‘for sale’ sign was erected, and many sold for above the asking price due to the high level of demand in a period of relatively low property stock.

During 2022, at a time when the ‘cost of living crisis’ has become a commonly used expression, the UK has faced many challenges including a tough economic climate, changes to government and rapidly increasing mortgage rates, all contributing to a subdued approach to house buying.

UK property investments for yacht crew

Why then is this potentially the ideal time for yacht crew to invest in the UK property market?

To a certain extent, yacht crew are immune to many of the challenges being faced by people in the UK as:

  • you do not have regular household bills which are constantly increasing
  • you are not being hit by the rising cost of food and fuel
  • you do not pay tax so are not affected by any proposed changes by the government
  • many yacht crew have a high level of disposable income so are able to save relatively large amounts quickly for a deposit
  • whilst the pound is weak your income is worth more in ‘real terms’ if you are paid in dollars or euros

All these factors are affecting many people, which is slowing down the demand for property at a time when housing stock is increasing. This scenario of high supply and low demand could provide an ideal opportunity for crew to step into the UK ‘buy to let’ investment market. Furthermore, acquire a property to rent out at a realistic price with a good yield – which has been difficult in recent years due to the high demand and inflated asking prices.

What are the expectations of the UK property market?

It is strongly expected that demand for rental property in the UK will continue to increase in the coming months, and potentially years. This comes down to many people canceling or delaying their plans of buying a property due to the combined cost of the mortgage, household bills and other associated expenditure.

A recent survey carried out by a prominent lender in the buy to let lending market suggested a record 65% of landlords reported rising tenant demand during the third quarter of 2022. The lender also said this beats the previous all-time high of 62% of landlords reporting this trend in the first quarter of the year, “marking a consistent and significant rise in tenant demand since the low net increase of 14% was recorded in the second quarter of 2020”.

This trend should result in increased rents and increased yields for landlords and could provide a perfect opportunity for people like yacht crew who have managed to accumulate a good level of savings to use as a deposit and who want to embark on long term investment in UK buy to let property.

Mortgages for yacht crew

We have written many pieces over the last few years in relation to the availability of mortgages for yacht crew and have obtained insight from our chosen mortgage broker partner, who we have worked successfully with to obtain seafarers’ mortgages for yacht crew for many years.

Previous advice and finiacial help guides for yacht crew can be found at:

Read More: Understanding The Seafarers Earnings Deduction & Spending Time In The UK

What do yacht crew think of their experience when using our chosen mortgage broker partner?

Ryan (Chief Engineer) – I dealt with Dave, but all the other members of the team were knowledgeable and made a great contribution to the advancement of our cause. The team professionally fulfilled all the mortgage obligations, moreover, they helped me clarify other complexities related to the purchase of the house and took care of all aspects of the case by offering close cooperation with me, and some very problematic solicitors! We have a home thanks to your super team. On a scale of 1 to 5, they are absolutely beyond that!

Monica (Stewardess) – We cannot thank Martyn and his team enough. They are quick to act and found us the best possible mortgage for our circumstances.

Paula (Second chief stewardess) – Martyn and Dave helped me with my first seafarer mortgage. As a seafarer they helped with all the paperwork and mortgage related items for me. I didn’t need to worry about anything as my position can be a bit complex. They fully explained to me the mortgage process every step of the way. Dave really put me at ease when purchasing my first property and I would highly recommend anyone to use them.

CrewFO - Financial solutions for yacht crew in the UK

About CrewFO

CrewFO has been helping British yacht crew with their finances since 2015. For more information on the company, click here, for membership options, click here, or if you are looking for advice on securing your next mortgage, send them an email at

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