Contractor Mortgage
08000 306705
Contractor Mortgage Advice
08000 306705

This is a very typical situation when you are a self employed contractor.

You've finished your accounts for the year.

Your accountant has deducted all your equipment, mobile phone costs and probably a few receipts for McDonalds for those 'away from home' expenses and now you have a nice low tax bill. However whether you are showing low net profit or you are a director of your own limited company and taking salary and dividend - the amount you are showing to the tax man is normally not a true reflection of your salary.


You now want to buy a house or remortgage your own and the bank or broker you are dealing with requests to see your last 2 years SA302's….the problem is at best case situation you can only borrow around 5 your self employed income. As CIS our advisors fully understand your unique situation that you are more employed than you are self employed.  Once you have had an initial free chat with one of our advisors,  they will work out how much you can borrow on a mortgage based on your day contractual day rate. Most of customers are electricians, buildings, heating engineers, painters, carpenters or general  self employed contractors. And we have successfully helped thousands obtain a mortgage even from the same high street banks that have turned them down in the first place. The most important factor when it comes to arranging your mortgage is not to treat you like a self employed worker. The mistake is made all too often.


As an example, lets say you day rate is £150 before your cis 20% tax deduction. The amount you can borrow is £150 x 5 days x 52 Weeks per year. Which you would probably appreciate is far greater than the income you are showing to HMRC.


Contact us today for specialist Contractor mortgage advice on 01376 808200 or

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This is an information only website, and none of the content should be considered as mortgage or financial advice. The aim of this site it to provide you with some initial guidance and useful tips and how you chose to use this information is at your own risk. Therefore, we cannot accept liability if things go wrong. If you make an enquiry, you agree to be contacted by an FCA regulated mortgage advisor who will offer you advice tailored to your individual need.
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