Does A Holiday Affect My Mortgage Application?
Subbie Tip #4 – Does A Holiday Affect My Mortgage Application? Let’s face it, we all deserve a well-earned break from time to time, whether it’s for a Christmas shut down or family holiday in the sun. But, if you’re a subcontractor, those two weeks off can make a real difference to your borrowing potential. […]
Get A CIS Mortgage With Less Than 2 Years Accounts
Subbie Tip #2 – Get A CIS Mortgage With Less Than 2 Years Accounts The most common lament I hear from CIS subcontractor clients recommended to me is that they’ve been told by a mortgage lender or another broker that they need to have at least two years of self-employed trading figures in order to […]
How a credit score impacts your mortgage
Subbie Tip #1 – How A Credit Score Impacts Your Mortgage It should come as no surprise that a poor credit rating can hold you back when it comes to getting a CIS mortgage and we’ll go over that today, but what does often surprise people is that having what they think of as a […]
Tips For Managing Your Credit Score
Subbie Tip #3 – Tips For Managing Your Credit Score Mortgage lenders have complex decision-making systems that take a range of factors into account and although they don’t publish a list of the criteria, we know that one of the most crucial elements is your credit score. Some people think that never having had credit […]
CIS Tax Deductions
If you’re a self-employed subcontractor, it’s essential that you are aware of CIS (Construction Industry Scheme) tax deductions. Before you are paid for your new job, you will be asked by your contractor for your UTR (Unique Tax Reference Number). This refers to a 10-digit number which you would have received from the HMRC upon […]
CIS Tax Return
Completing your tax return can be one of the most stressful situations that anybody in the building sector faces. Before completing your self-assessment, understanding CIS tax returns is absolutely vital. What Is CIS? CIS is an acronym that stands for Construction Industry Scheme. It is a programme that sees contractors deduct money from the wages […]