I sent over my details and next thing you know I had a decision in principle. It took no time at all! I hope many more people get to hear about this service.
We initially went to a High Street lender for our mortgage, but my partner is on the CIS contractor scheme, and no-one there had heard of it!
We went online the same day, found the CIS website and our broker was brilliant. He got us a mortgage really quickly.
We initially went to a high street lender for our mortgage, but my partner is on the CIS Contractor scheme and no-one there had heard of it. We went online the same day and found the CIS website, and our broker was brilliant. He got us a mortgage really quickly.
After returning to the UK from New Zealand my fiancé, Wayne, found work under the CIS scheme immediately. We applied for a mortgage and quickly found most banks could not properly appreciate our situation. David was able to work with us and turn around our funding application with a high street lender within two weeks!
If you’re reading this as a Construction Industry Scheme (CIS) contractor, then you or your partner are probably struggling to find a mortgage right now. We can help.
Contact us today and one of our mortgage advisers can give you an initial Fee Free, no obligation telephone assessment. During this initial call we will calculate how you may borrow based on your CIS day-rate before tax, instead of using an average of your last two year's self emplyed income which most banks will ask for. Subject to providing us with evidence of your income and identification we can even obtain an instant provision lending agreement
If you’ve only been a subcontractor, or self-employed, for less than a year, then our mortgage advisors can even help you get a mortgage without having to complete 2 or 3 years of accounts.
Give us five just minutes of your time, and we can advise you how much you may be able to borrow on a mortgage.
If you complete a self-assessed tax return for HMRC, and pay 20% tax at source through a construction firm, then you are part of the CIS Scheme.
Most CIS contractors do find it difficult to borrow sufficiently on a mortgage, because most banks make their lending decision based on your profit after expenses.
In addition, most banks require more than two years’ evidence of income to make a lending decision, giving a double-whammy to CIS contractors.
We have helped 100's of CIS contractors buy their dream home since 2010.
For our clients, the following circumstances are normal:
As long as you are on the CIS Scheme, and have 3 months’ worth of continuous payments and a good credit record, then we can help you get a mortgage offer based on your average day-rate.
Don’t worry if you’ve even had a few minor credit blips in the past; or have yet to complete your first self-assessed tax return: we can still help!
Since 2010, our CIS mortgage advisers have secured a provision lending decision for the vast majority of all the enquires we received!
And again, almost every mortgage our clients applied for thorugh us subsequently received a binding offer from a High Street lender within 10 working days. (Among those declined, the decision was generally due to either unsuitable or down-valued properties.)
Our friendly mortgage advisors are all experts in the CIS Scheme. They understand that you are neither employed, nor self-employed – but somewhere in between.
We use your average day-rate to calculate exactly how much you can borrow, and only place your CIS mortgage with a High Street bank.
In most circumstances, you can borrow up to 5 times your gross annual salary, and access the same fantastic mortgage rates available to someone who is directly employed.
More than half of our initial client conversations begin with a CIS contractors’ parents or partner. So we don’t expect you to be armed with a spreadsheet of figures on a first call.
Instead, we’re happy to chat about your mortgage aims, learn about your ideal property, and discover the hurdles you have faced so far. All at a time that’s convenient for you.
Our CIS mortgage advisers can then offer an initial fee free, no obligation assessment.
Our team can also ensure that buying your home is as stress-free as possible. Once you have a mortgage lending decision, they will guide you through the entire home-buying process. They can even arrange access to exclusive rates from expert property solicitors via Openwork Conveyancing, as well as Will and Estate planners*.
Enquire now for our no obligation CIS mortgage advice, and Find out how much you can borrow
*The will writing and Estate Planning service promoted here is not part of the Openwork offering and is offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Will writing and Estate Planning is not regulated by the Financial Conduct Authority