Remortgage
For Debt Consolidation

We specialise in Mortgage Advice for Subcontractors paid via the Construction Industry Scheme (CIS)

[]
1 Your Details
2 Submit

The internet is not a secure medium and the privacy of your data cannot be guaranteed. Please tick the methods of communication you would be happy to receive:

To comply with data protection regulations (2018), we are unable to store and use your information unless you give us your permission.  View our data protection policy for details *

Please select Yes to allow this.

keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder

Taking out credit is required by most people from time to time, but it does bring concerns, especially when they work on a subcontracted basis with potentially unreliable payments. The sad fact is that excessive debt expenses can leave home and money at risk when you’re paid through the Construction Industry Scheme.

If you find yourself in this situation, you wouldn’t be alone in considering a remortgage for debt consolidation. Done right, this can be a manageable way to put debt in one place and even reduce monthly outgoings. Typically, homeowners who consider going down this route will do so in one of two fundamental ways –

  • Remortgaging an entire debt to a new lender

or

  • Securing a new loan on a current mortgage

The trouble is that this can be risky, especially given the additional mortgage doubts and dilemmas due to your CIS payments. Getting lenders to seriously consider giving you a remortgage for debt consolidation can be a challenge in itself, especially done so with the purpose of keeping current debts more manageable. Luckily, we at CIS Mortgage Advice have helped countless subcontractors remortgage for debt consolidation purposes. And, our team are on hand to offer their expertise in your case.

The benefits of remortgaging for debt consolidation with CIS

Firstly, consider the benefits of remortgaging as a subcontractor. By taking this course of action with the right advice, you could see –

  • Improvements to your credit score and lend worthiness
  • Reduced monthly total monthly outgoings
  • Less financial stress by knowing you have fewer easy to manage outgoings

At the very least, less debt means increased lending chances for remortgaging and more in the future. This is especially the case when you consider that lenders often deduct existing debts/loans alongside expenses during CIS affordability checks. You could argue, then, that remortgaging for debt consolidation could open you to higher lending in the future.

However, remortgaging for debt consolidation when you’re already considered a high-risk isn’t a walk in the park. Challenges you may face include –

  • Stringent eligibility checks (including 1+ year of accounts)
  • Restrictions due to conceived affordability issues
  • Refusal in the face of bad credit

Given that you must declare your debt consolidation needs when you borrow, even success has the potential to compromise your lending abilities down the line.

How can we help?

Our expert team are on hand to assist subcontractors and point them towards the right mortgage deals. And, we provide that same level of help when it comes to remortgaging for debt consolidation.

Much like with first-time mortgage seeking, we’ll meet you for an initial fee-free no-obligation consultation to discuss initial borrowing indications, factoring in your debt, finances, and lifestyle. We can then help you gain a provisional remortgaging offer with one of the best companies, regardless of –

  • The length of your existing contract
  • The current state of your credit rating
  • The amount of your current mortgage left to pay

All you need to do to get your mortgage for debt consolidation rolling is call 0800 030 6705 or email us on info@cismortgage.co.uk today.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

We Say Yes To CIS

Less than 1 year self-employed

5% Deposit

Less than 3 years in the UK

High day-rate with low net profit

CIS Mortgage Advice
5.0
Based on 35 reviews
powered by Google
belayet hussain
belayet hussain
13:26 28 Nov 19
I would highly recommend CIS Mortgage 100%. David Sharpstone & his team went above and beyond to helped me secure... both my mortgages. He always kept me updated with the process and developments. Buying house is probably one of the most stressful times of your life, However David always reassured and guided us throughout the entire process. understanding, caring yet always remaining professional and supportive. Brilliant I cannot THANK him enough. THANK YOU!!read more
paul montgomery
paul montgomery
10:15 12 Nov 19
Can’t give nothing but praises and thank you to David and CIS Mortgage’s from very first conversation to being... offered a Mortgage he and his company kept me informed of every process and explained in every detail of application and history required with nothing but first rate professionalism throughout I will use him in future and recommend him to anyone in the same difficult situation I was in, as I was given bad advice before this company which gave me the feeling would never get on property ladder now David has dealt with my case will be moving into my first home in couple months thank you again David and CIS team. If you’re in difficult situation or just need advice please just call CIS Mortgage’s. Paul.read more
Becca larkin
Becca larkin
11:19 18 Oct 19
If you are thinking about using CIS mortgage, 100% do it! I can't explain how happy my partner and I are with the... service. After seeing a previous mortgage adviser who told us we couldn't get a mortgage, David, within days got us a mortgage. So pleased with the outcome and it was so refreshing to speak to someone who completely understands CIS through and through. Amazing!!!read more
Ruaridh black
Ruaridh black
13:56 24 Aug 19
Went directly to a bank for a mortgage with my cis statements and they didn't even consider giving us the mortgage. Me... and my wife were gutted as it was our dream home and one we could start a family in together. Thanks to David here we managed to get a mortgage and got the house we wanted! We are now expecting our our first child and in our dream home! Wouldn't have been possible to get the house/mortgage without them so very appreciative. Fast and professional and would recommend them to anyone who works under the CIS payment scheme and are self employed.read more
P. Jiten
P. Jiten
09:56 17 Aug 19
For CIS self employed people this is the best company in UK. Got mortgage in principle certificate after submitting... required documents and mortgage approved in 10 days after submitting file. Hassle free process throughout and any question or query promptly answered. David and Lisa are amazing people to work with.read more
Michelle Perrin
Michelle Perrin
09:28 17 Aug 19
My husband and myself have been dealing with David since our first property purchase in 2012. David has a vast amount... of knowledge, has always put us at ease and answered our questions throughout the process. David is great to deal with, always goes above and beyond and we have already recommended him to several of our friends and family, one of which is nearing completion of their first home. Always fantastic service, highly recommend CIS Mortgage Adviceread more
Veronica Grosu
Veronica Grosu
09:36 12 Aug 19
Fantastic service from start to finish. David made it simple and effective for us. We are very happy with the outcome.... I would definitely recommend!read more
Rob
Rob
09:23 18 Jul 19
David has been faultless from the beginning and helped me and my girlfriend out loads and without him we would not be... moved into the house we are in now. He understands the difficulties of being a CIS worker with mortgages and gives you the best advice he can and is very quick on the ball at getting stuff sorted. My case I appointed him for was more complex than most I would say due to being self employed and having a limited company but he had no trouble with achieving me a great mortgage deal and borrowing amount with the information I gave him. It has been a pleasure to deal with david through buying this property and I shall definitely be using him on any future purchases or remortgages. Nothing was ever to difficult for him and he was always just at the end of the phone when you needed him even after his working hours he went above and beyond by helping me with help to buy also.read more
Next Reviews