Illustrative scenario 01A breakthrough season
A player’s prize receipts rise sharply after a successful season. The mortgage discussion examines the longer record and business costs rather than assuming the increase will continue.
Useful information for the conversation
- Accounts and relevant tax records
- Prize receipts and payment currencies
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
Illustrative scenario 02A multi-year sponsor agreement
A player has a signed sponsorship agreement with conditions. Guaranteed and conditional payments need separating before affordability is considered.
Useful information for the conversation
- Prize receipts and payment currencies
- Sponsorship contracts and expiry dates
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
Illustrative scenario 03Income received in several currencies
A touring professional is paid in different currencies. The file traces the receipts and explains how they reach the applicant’s accounts.
Useful information for the conversation
- Sponsorship contracts and expiry dates
- Business costs and current commitments
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
Illustrative scenario 04A home between tournaments
A player wants a permanent UK base while travelling extensively. The actual residence and occupation arrangements need to be clear.
Useful information for the conversation
- Business costs and current commitments
- Residence and proposed property use
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
Illustrative scenario 05A lower earning year
A player reviews their mortgage after a quieter year. Current income, reserves and the household budget need an honest reassessment.
Useful information for the conversation
- Residence and proposed property use
- Accounts and relevant tax records
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
The wider assessment
Look beyond the headline prize money
Prize receipts alone do not describe the money available for household borrowing. We establish how you trade, the costs recorded in the business and the income evidenced by accounts and tax records. Sponsorship terms, tournament travel and receipt currencies add detail to the assessment. A future ranking or prize is not treated as an assured repayment source.
Income acceptance, borrowing amount and term depend on the lender’s individual assessment. Future playing contracts or sporting earnings are not guaranteed. Your home may be repossessed if you do not keep up repayments.