Foreign income and rotations, handled.
High day rates, payment in dollars or euros, four-on-four-off rotations and overseas tax — exactly the complexity mainstream lenders stumble on, and the lenders we use expect.
Why offshore income confuses the high street
Oil, gas and offshore contractors earn well but rarely fit a standard template: income in foreign currency, irregular rotational patterns, and tax residency that spans borders. Mainstream lenders read that as risk; sector-aware lenders read it as normal and assess your day rate properly.
The three things we package carefully
- Currency. Where you’re paid in dollars or euros, certain lenders accept it — usually with a margin for exchange-rate movement.
- Rotation. A four-on, four-off pattern is annualised on its true basis, not penalised as part-time work.
- Residency. Your tax position and UK ties are set out clearly so an underwriter can assess them with confidence.
A high rate, read correctly
Annualised at 5 × 46: £149,500
Indicative borrowing at 4.5×: ≈ £672,750
Indicative only — currency and residency factors are applied on top by the lender.
Estimate your borrowing
Set your day rate below for a starting figure.
Lenders that handle offshore income — a selection
Offshore mortgages, answered
Can I get a mortgage paid in a foreign currency?+
Yes, with the right lender. Some lenders accept foreign-currency income, usually applying a haircut to allow for exchange-rate movement. The pool is smaller, so placement matters — we know which lenders accept your currency and on what terms.
Do rotational shift patterns cause problems?+
They can confuse mainstream lenders, but offshore-aware lenders expect patterns like four weeks on, four weeks off. Your day rate is annualised on the basis of your genuine working pattern rather than being treated as casual or part-time.
I work abroad and pay tax there — does that matter?+
Tax residency adds complexity but isn’t a barrier. Lenders will want to understand where you’re resident, where you’re paid and your tie to the UK. We package this clearly so an underwriter can assess it properly.
How is my income calculated?+
Usually on your day or shift rate, annualised in a way that reflects your rotation, then a multiple of around 4.5×. High day rates in the sector often support substantial borrowing once read correctly.