01273 736536

CONSTRUCTION INDUSTRY SCHEME

We say YES to CIS

CONSTRUCTION INDUSTRY SCHEME

We say YES to CIS

Use your GROSS day rate shown on your pay slips

Are you struggling to be able to borrow enough to achieve your objectives because of the expenses you have written off to reduce your tax? We know what feels like ‘secret criteria’. This allows us to get you high street mortgage deals using your GROSS day rate shown on your pay slips.

Whether you are a first time buyer, moving home or remortgaging, it will be best to speak with a specialist CIS mortgage adviser who will chat over your intentions and ensure you get the best mortgage you can. Find out how much you can borrow…

How much can
I borrow?

Your day rate
£

Days worked a week

Partners annual income (if applicable)
£


You could borrow up to

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

Please remember to add your deposit to the borrowing amount indicated on the calculator to give you an idea of your purchase price.

This calculator is designed to give you an indication of the amount you can borrow. The actual amount you can borrow does depend on your credit commitments, your regular monthly outgoings and how each lender assesses your income.

It may be possible to borrow more than our calculator shows you, that’s where the expertise of our personal advisers come in and our independent status benefits you.

*All potential borrowing is subject to affordability checks and credit status

Getting the best CIS mortgage for you in 4 simple steps

Step 1

Talk to a specialist CIS mortgage expert to chat over your objectives and circumstance.

Step 2

Let your personal CIS mortgage adviser save you time and money by researching the whole of the market to find the right CIS mortgage for you.

Step 3

Once you are confident and happy, your personal CIS mortgage adviser will apply online for the best mortgage for you.

Step 4

Your dedicated relationship manager will correspond with the lender, keeping your informed along the way until your objectives are met and the mortgage has completed.

Get the best CIS mortgage for you, chat with an independent experienced CIS adviser now!

What you need to know…

Are you eligible for a CIS mortgage?

If you answer yes to the following questions you will be eligible for a CIS mortgage:

  • Are you a self employed plumber, carpenter, electrician, builder, decorator or bricklayer working within the construction industry?
  • Does the construction firm you work for deduct 20% off your salary for tax?

What now? Chat with an experienced CIS mortgage expert on 01273 736536 or contact us here.

Will you pay a higher interest rate on a CIS mortgage?

No, we are independent mortgage advisers and will be able to secure the best mortgage for your circumstance and objectives. These include exclusive mortgage deals from High Street lenders.

What will you need to secure a CIS mortgage?

You will need the following:

  • 3 months CIS pay slips with corresponding bank statements
  • At least a 5% deposit

To find out what is possible for you please chat with an experienced CIS expert on 01273 736536 or contact us here.

How does our expertise benefit you?

We know what seems like a ‘secret’ criteria that benefits CIS workers. As a construction industry sub-contractor most mortgage lenders will treat you as a self-employed person and only look at your net income after deductions of expenses such as petrol, tools, van maintenance etc, that you claim against for tax purposes. This reduces the amount you are able to borrow.

Our CIS mortgage specialists know a couple of lenders who will treat you as employed due to your status as ‘self employed under the CIS scheme’. This frequently enables you to borrow more on your mortgage as they take in to account your PRE tax earnings before the expenses and tax. You still want to make sure the monthly payments are affordable, speak with a CIS mortgage expert now on 01273 736536 or contact us here.

What is the benefit of having an agreement in principle?

An Agreement in Principle, also known as a ‘Decision in Principle’ will be provided after affordability and credit checks have been approved. An Agreement in Principle is extremely useful to increase your confidence when viewing and offering on properties. Estate Agents will typically want to see an Agreement in Principle before presenting your offer to the seller. Our personal CIS mortgage advisers can help you with this.

What insurance will I need?

It’s also a good idea to have to have your income protected if you are off work due to ill health and have the mortgage paid off if you die untimely to protect your loved ones. Our CIS mortgage experts will offer their advice.

How much will my monthly payments be?

Your monthly payments will vary according to the chosen mortgage term, choice of product and level of deposit. You can get an indication of the monthly payments by using our calculator below, but it is best to chat with a personal CIS mortgage specialist to find out exactly what interest rate and term you can secure to give an accurate monthly cost.

Useful calculators

How much can
I borrow?

Your day rate
£

Days worked a week

Partners annual income (if applicable)
£


You could borrow up to

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

Please remember to add your deposit to the borrowing amount indicated on the calculator to give you an idea on your purchase price.

This calculator is designed to give you an indication of the amount you can borrow. The actual amount you can borrow does depend on your credit commitments, your regular monthly outgoings and how each lender assesses your income.

It may be possible to borrow more than our calculator shows you, that’s where the expertise of our personal advisers come in and our independent status benefits you.

*All potential borrowing is subject to affordability checks and credit status

Mortgage calculator

How much will you be borrowing?
£

Over how many years?

What is the interest rate?
%


Your monthly repayment will be


£0

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

To work out your monthly payments simply adjust the following to calculate your mortgage costs:

– The amount you want to borrow
– The number of years you wish to borrow the money over
– The interest rate

This calculator is designed to give you an indication of what your monthly payments on a repayment basis and should not be consider as a mortgage quote.

Your actual monthly payments will depend upon the amount you are able to borrow, the maximum term available (subject to age) and the size of deposit you put down.

To make sure you are getting the best interest rate, chat to your personal mortgage adviser who will use their expertise and independent status to your benefit.

How much deposit
will I need?

Purchase price
£


You'll need a deposit of at least

Chat over your objectives with an Expert Mortgage Adviser now on

01273 736536

Information

This calculator is designed to give you an indication of the minimum deposit you will need to purchase for a certain price. The amount of deposit needed may vary according to your circumstance and the property type.

To find out exactly how much deposit you will need, chat with our expert mortgage advisers.

5 star Google reviews

Paul


Kevin, Tina and Madison were always there to reassure and help us when needed, and are the nicest number crunchers out there!

David


They are not only the total professionals, but have great customer service and keep you informed at every step of the process.

Lorraine


They do their best to find a product and a solution to help you achieve the outcome you want.

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