Contractor Mortgage
Advice
08000 306705
Contractor Mortgage Advice
08000 306705
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Pawel's CIS Mortgage Success Story

Pawel had been told by his own bank that there would be no problem in obtaining a mortgage, as he was already a CIS contractor. So he made an offer on a house, which was accepted. But when Pawel made a follow-up mortgage appointment with his bank, the mortgage was declined – because his Net Profit was too small for the loan he required. 

Pawel’s accountant was using acceptable business expenses to help reduce his tax bill, but because of this, he was declaring a net profit on his tax return of £12,332 and the lender was only willing to offer a mortgage of £46,000.

A colleague recommended CIS Mortgage.co.uk, and within 30-minutes Pawel had been assessed by our independent Contractor Mortgage Broker. 

Our expert calculated Pawel’s average day-rate on the CIS Scheme at £200, and used an average of his most recent earnings before tax, over 6 months, to give an annual figure that allowed him to borrow £216,000, and secure the house he wanted!

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To comply with data protection regulations (2018), we are unable to store and use your information unless you give us your permission. Please select Yes to allow this. View our data protection policy for details
Important Information
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.
Your property may be repossessed if you do not keep up repayments on your mortgage.

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