Some Airlines calculate hours and rates of pay differently to others so the rates are not the same for each job role. Throughout the Covid-19 pandemic, many airline companies changed their pay structure drastically and some of the changes have remained. If you are looking for a mortgage, then you need to speak to a broker and lender that understands the types of pay airline staff such as yourself receive and how it can be used to improve your mortgage rates.

There are plenty of mortgage lenders willing to work with

• Pilots
• Cabin crew
• Other airline staff

With varying, complex, income and the many different types of pay, you need a broker who can find the right lender to get:

• Better mortgage rates
• Lower interest rates
• Better affordability assessment

Types of income accepted

Commercial airline workers have various types of pay due to the different duties you may have at work. These are

1. Basic pay which is the standard wage you earn.
2. Sector pay which is the time on duty before and after flights which will be added on to the actual flight time. Sector pay may also apply on training days.
3. Standby pay whether they are at the airport or at home if staff coverage is needed.
4. Commission through any duty-free sales you make to passengers.

One type of income that is not usually used for mortgage applications is nightstop allowances. This is typically used to cover food and other travel expenses when you are staying over in the country you have flown to, and, since covid, these are not typically standard rates but come from the government and are tax-free.

Since the pandemic, times may have been hard with no work due to the global lockdowns and travel restrictions, but when it comes to getting a mortgage, you shouldn’t feel stressed or worried. As mortgage brokers we can do everything possible to make the process as simple as possible, always ensuring that you always receive the best possible outcome.