Evidencing Your Mortgage Deposit
Subbie Tip #10 – Evidencing Your Mortgage Deposit Your mortgage deposit is naturally important, but it’s also important that you can evidence where it came from! This is important for everyone planning to get a mortgage, particularly CIS subcontractors. I have seen many examples where lack of an accountable trail for deposit funds have tripped […]
How Tax Deductions Affect Your Mortgage
Subbie Tip #8 – How Tax Deductions Affect Your Mortgage When looking for a CIS mortgage, it’s important to review tax deductions, and the affect the tax rate you pay may have on your mortgage application. This is particularly important if you’re looking to take advantage of the opportunity to base your application on your […]
Does My Evidence Of Income Get Me The Right Mortgage?
Subbie Tip #9 – Does My Evidence Of Income Get Me The Right Mortgage? It’s important that your income evidence meets the requirements your mortgage lender will be looking for in order to get you the right loan. This is really important because you don’t want your application to be rejected because of apparent discrepancies. […]
Do My Payslips Give The Lender Everything They Need?
Subbie Tip #7 – Do My Payslips Give The Lender Everything They Need? There are many lenders that will base their affordability calculation on your Gross CIS income but only if they can find all information they need on your CIS payslips. Note the use of the plural here; that’s because it is very rare […]
Are You Considering Everything For Your Household Income?
Subbie Tip #6 – Are You Considering Everything For Your Household Income? The amount a lender will advance for your mortgage depends on what you earn; as a CIS Subcontractor, you could be forgiven for thinking that’s simply based on your Gross CIS Income but, in reality, there are many other forms of income that […]
How The Right Lender Impacts What You Can Borrow
Subbie Tip #5 – How The Right Lender Impacts What You Can Borrow Some people believe that there’s only ONE mortgage lender willing to use CIS Gross Income to calculate mortgage affordability but, happily, they’re WRONG! I have access to, and work with, a range of lenders every day, so whatever your personal services, there […]