Subbie Tip #17 – How Your Income Is Calculated For Affordability Purposes This case study shows how important it is to choose the right lender when it comes to getting the right mortgage offer. One question that I get asked regularly is whether as a Director of a Limited Company it’s still possible to use […]
Subbie Tip #15 – How To Get The Best Mortgage Offer You know how much you’d like to borrow but meeting mortgage lenders affordability criteria isn’t always that simple right? I meet a lot of people who believe the misconception that there’s only one mortgage lender that fully accepts CIS Subcontractor gross income to support their […]
Subbie Tip #14 – How To Evidence Your Income Without Payslips We often get asked if it’s possible to evidence income if you can’t get copies of your CIS payslips to support your mortgage application. Ideally you want your lender to calculate your mortgage affordability based on your Gross CIS income and the lenders I […]
Subbie Tip #13 – How A Poor Credit Score Affects Your Mortgage Applications It’s important to say right from the start that you should not assume that having a less than perfect credit record will stop you getting a mortgage. That isn’t to say that lenders welcome those with adverse credit with open arms but […]
Subbie Tip #12 – Demonstrating Your Track Record It goes without saying that lenders need to have confidence in you if they’re going to advance you a mortgage. Part of this comes with seeing that you have a good track record of employment within the industry; let’s be honest if you’ve only just started working […]
Subbie Tip #11 – The Value of References To Accompany Applications It’s standard practice for lenders to seek employment references for applicants in full time jobs but not always the case when it comes to self-employed people. Having said that, many lenders that allow gross CIS income as evidence of affordability may insist that your […]