Published 24 September 2019 · Last reviewed 25 September 2019 · Older article — see current rates

Self-employed personal trainer Mortgage solutions

This mortgage article is aimed at Mortgages for personal trainers that have an element of self-employed income and therefore make a tax return submission to HMRC.

As a Personal Trainer, you will be accustomed to putting together a programme to make your clients fit and safe. It will often be “bespoke” and always appropriate for the individual.

I’m a professional Mortgage Broker and much can be said of the Personal Trainers I help obtain mortgages.

Mortgages for Personal Trainers often involve bolting together income from various sources to obtain the maximum mortgage. It could be employed work from gyms and hospitals, and private freelance work on a self employed basis.

Behind the surface, this might include multiple hourly session contracts, be held as a sole trader or limited company basis with your own employees.

Mortgage Lenders have different appetitites to self employed earnings particulary if the books are up and down – which in all honesty is typical of most businesses. I dont need to tell you that Personal Trainer work can fit in with sporting seasons particularly if you focus on certain customer types. These peaks and troughs throughout the calander and year on year can make it hard for a mortgage lender to decide on the basis of their lend – it’s a detractor – and to be safe some edge towards the lowest common denominator – the result for you could be a “shed” rather than a “palace”.

Some Personal Trainers chose to work abroad for part of the year. For instance, priming altheletes at high altitude or providing routines to top hotel guests. This could again be problematic for mortgage lenders as the income could be in a different currency and some need you to be permanently based in the UK for a few years prior to application. You also want a mortgage suitable for letting if you are to be out of the country for a long period.

As you can see it can get complex quite quickly to get Mortgages for personal trainers.

My company Niche Advice thrives on challenges and here are examples of the types of mortgages we can arrange from our panel of over 80 lenders:

• Self employed using the latest net profit figures.
• Self employed using average earnings across previous years.
• Self employed trading just a year.
• Self-employed and employed earnings added together.
• Limited Company using drawn salary and dividends.
• Limited Company using profit before tax plus salary.
• Contractors using hourly or daily rates.
• Mortgages or remortgages for properties to rent out i.e. buy to let.
• Ex pat mortgages.
• Mortgages for applicants returning to the UK.

Niche Advice arranges mortgages for Personal Trainers. For more information please complete our contact form on this website.