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…
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
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
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
Chat over your objectives with an Expert Mortgage Adviser now on
01273 736536
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