Subcontractor Mortgage
Advice
08000 306705
Subcontractor Mortgage Advice
08000 306705

Are you a contractor and looking to move home?

If you are looking to move and need to sell your current home, you at least have some idea of what is involved in the process to come!

CISMortgage.co.uk has helped thousands of contractors to successfully take their next step on the property ladder, and our expert mortgage advisors will be on hand to guide you through the whole process.

Here’s a few hints to set you up for success.

Financial Support

You might be eligible for the Government’s Help to Buy scheme which also runs in Scotland – if you only own one home and if this will be sold to part-finance your next purchase.

This boosts what you can afford if you’re going to buy a new-build property, as the Government lends you up to 20% (40% in London) of the cost of the new-build; so you need a 5% cash deposit and a mortgage to cover the outstanding 75% of the purchase price.

There are conditions around the loan, but it can be very beneficial.

Types of mortgage

When you consider what type of mortgage you want this time around, think ahead. A variable rate can appear cheaper than a fixed-rate mortgage today, but interest rates can increase, and even a small rise can impact your monthly budget.

Credit rating

Check your current credit report and make yourself attractive to lenders by showing that you have kept up-to-date with past payments on your mortgage and all your credit or store cards and other borrowings.

If you do have any bad credit, don’t worry, but tell our mortgage advisor immediately, no matter how minor you think it is. You should also obtain a copy of your credit report and be ready to present it to your mortgage advisor.

Hidden costs

Budget for those ‘hidden’ costs you forgot about first-time around: such as building insurance and survey fees. (In Scotland, remember that this time, as the seller, it is you who will need to prepare a Homebuyer’s survey for the house you’re selling.)

And removal costs: this time round you have a whole house to pack up and relocate!

As you’re likely to be buying a larger home, remember Stamp Duty too. (Applicable above £300,000 in England and Wales, and known as Land and Buildings Transaction Tax in Scotland, or Land Transaction Tax in Wales.)

We’ll keep you straight!

And of course, don’t forget to factor in a new sofa for the larger living room.

Your home may be repossessed if you do not keep up repayments on your mortgage
Opening Hours
MON
09.00 - 5.00PM
TUES
09.00 - 5.00PM
WED
09.00 - 5.00PM
THU
09.00 - 5.00PM
FRI
09.00 - 5.00PM
SAT & SUN
CLOSED
Contact Us
The internet is not a secure medium and the privacy of your data cannot be guaranteed. Please tick the methods of communication you would be happy to receive:
    
    
    
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
The information on this website is for use of residents of the United Kingdom only subject to UK regulatory regime. No representations are made as to whether the information is applicable in any other country which may have access to it.
CIS Mortgage Advice is a trade name of Just Mortgages Direct Ltd which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority
Just Mortgages Direct Limited Registered Office: Colwyn House, Sheepen Place, Colchester, Essex, C03 3LD. Registered in England No. 2412345

Website by Inspire Web Development