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Moore Stephens Crew Benefits

Are you looking for insurance or financial products? No need to call anyone else!

Moore Stephens Crew Benefits (MSCB) assists you by signposting to financial products and insurances (see list below), which are brokered by Moore Stephens Brokers Limited (MSBL).
  • Tel: +44 (0)1624 662 020
  • Web: mscb.im
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Location Information

PO Box 25
26-28 Athol Street
Douglas
Isle of Man

Regions Serviced

  • Africa
  • Asia
  • Balearics
  • Caribbean
  • Central America
  • Eastern Europe
  • Europe
  • Middle East
  • North America
  • Oceania
  • SE Asia
  • South America
  • South Pacific

Products / Services

  • Group medical, sickness and accident plans
  • Personal medical insurance (with or without USA cover)
  • Personal accident insurance
  • Life insurance
  • Foreign exchange
  • International mortgages
  • Financial advice
  • Personal pension and savings plan
  • Banking services
  • Hull Insurance and P&I

Description

Moore Stephens Crew Benefits (MSCB) is dedicated to assisting seafarers find day–to-day financial solutions by signposting to banking services, international mortgages and foreign exchange.

MSCB's associated company Moore Stephens Brokers Limited (MSBL) is a licensed insurance broker. MSBL brokers medical insurance for yacht crew along with Life, Sickness and Accident insurance. MSBL also places insurance for yachts, superyachts, aircraft and luxury asset goods, including antiques, art and jewellery, as well as specialist individual requirements.

MSBL works directly with specialist brokers and the most reputable insurers including Lloyd’s of London to ensure the cover you get is the cover you need at the best price.

Our access to Underwriters means the cover we can obtain for you is never just standard, tell us what you need.

MSCB and MSBL are part of Moore Stephens Isle of Man, an independent member firm of Moore Stephens International.

www.moorestephens.com.



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Crew Tips for Getting a Mortgage & Buying a Property

Crew Tips for Getting a Mortgage
Yacht crew are a rare and special breed. Your job takes you to some of the most glamorous parts of the world and it’s a wonderful way to see them whilst getting paid.

But when it comes to some of the more practical things in life, like applying for a mortgage, that international lifestyle can sometimes make it a little trickier. But not if you plan it properly.
As a regular traveller, you may have set your heart on buying a property in another part of the world. According to our partner Simon Conn, the well-known international mortgage expert, there are lending sources that can assist Yacht Crew in countries including: Australia, Cyprus, France, Holland, Italy, Malta, New Zealand, Portugal, South Africa, Spain, Turkey, UK and the USA.
While other countries may lend, their criteria may make it more difficult for Yacht Crew to secure a mortgage. They could possibly implement a restricted maximum loan to value, for example a maximum 50% loan and/or higher interest rates. Always make sure you check the fine print carefully before agreeing to take out any mortgage, but especially in a foreign country.

What You'll Need to get a Mortgage

As with all potential lenders, you’ll be required to provide proof of income including:
• Your latest CV • Your latest employment contract • At least 6 months’ payslips with your current employer (the longer you have been with your current employer the better) • Employer’s reference letter • Last 12 months’ bank statements

Top Tips when Purchasing a Property Overseas

Applications are based on your overall financial profile and the property valuation. Be aware that each country has its own underwriting criteria, but it’s mainly about affordability and the majority of lenders do not like to take rental income received as part of the calculation.
• Allow yourself a `cooling off` period before signing on the dotted line • Check the translation of what you are signing. If it’s an English version, ensure it’s a true translation of the original • Obtain an ‘in principle’ agreement with the lender prior to purchasing a property • Arrange your mortgage in the currency in which you earn, whenever possible • Ensure you have an ‘opt-out clause’ with the seller if the loan is not agreed • Seek independent legal and tax advice • Commission your own survey, even if a new-build
For further information please contact Melanie Langley - Senior Crew Benefits Adviser via the button below or call: +44 (0)7476 592592 / Skype: melanie.langley.mscb

Links & References

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