The Road Ahead for Professional Sportspeople
Here at Tudor Financial, we’re fortunate to work with diverse clients from a range of backgrounds, several of which are professional or retired sportspeople.
The shorter career span for sports naturally means that a sportsperson could obtain the majority of their lifetime earnings over a shorter period, compared to a traditional retirement age. In these circumstances, lenders may not approve a mortgage application on the basis that they do not offer shorter-term lends. Applications can be difficult for a retired sportsperson of a relatively young age, thinking about their next steps in life.
If you’re in a sporting career, you might be wondering about our services, and how we can help you. We work with different lenders to negotiate suitable mortgage deals to work in line with your career. We can also help you to form a roadmap of business solutions, such as investment in a property portfolio, or forming a limited company.
Making good investments today can ensure you and your family are well catered for later in life. We will also look at the best life insurance deals to ensure you are covered for illness or injury that could result in an early, unexpected and permanent retirement from your sporting career. This personalised service is crucial, as off-the-shelf life insurance packages are often not the right fit for the individual.
Chris Tudor our Senior Mortgage and Protection Adviser says: “The best advice that I would give to anyone working in professional sport is to ensure you make the necessary financial provisions for your future as early as possible – ideally as soon as you land your first contract. Of course, if this is still something you need to think about and you feel you may have left it a little too late, there is always time to make necessary arrangements and we are here to help you make those plans and form the next steps”.
If you would like to speak to Chris to discuss your individual needs and circumstances in more detail, please contact us to book an appointment.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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