CIS Scheme

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

Do I qualify?

Are you a self-employed builder, decorator, electrician, heating engineer, or other role working in the construction industry?
Do you work for a construction firm that deducts 20% of your salary for tax?

If you answer yes to both questions, then you are paid through the Construction Industry Scheme (CIS) – and we can help you get a mortgage!

A CIS worker is the middle ground between being truly self-employed or permanently employed. However, most mortgage lenders treat CIS contractors as self-employed, and before considering a mortgage application they will ask to see accounts for at least 2 and perhaps even 3 years.

Now, to reduce your tax liability, your bookkeeper or accountant will usually advise you to record all business-related expenses. But when it comes to seeking a mortgage, this poses a problem. You see, banks use your net profit after expenses to calculate how much you can borrow. This typically yields a much lower borrowing figure compared to what is typically offered to someone employed as a full-time, permanent employee.

So why don’t banks treat you like this?

The simple answer is that most banks, and even independent mortgage brokers, do no not understand your status. But we do.

Contact our CIS mortgage advisers now, for an instant decision.

Our experts calculate how much you can borrow based on your daily rate of pay, rather than the profit you show the taxman after your expenses. They can also achieve a better level of borrowing, by placing your mortgage with a lender familiar with the CIS Scheme.

Give us just five minutes of your time and we can show you how.

Contracting for less than 1 year?

Many of you may have become a CIS contractor only recently.
Perhaps you changed trade or profession? Or perhaps a previous employer offered you better terms, or an enhanced salary if you’d switch to becoming a contractor.

Most other brokers, and banks, struggle to find a mortgage suitable for someone who has a continuous record as a CIS contractor running for less than 12 months. But this isn’t a problem for our team. Where others may have failed you, we are confident we can find a suitable mortgage after you complete our initial fee free, no obligation telephone assessment.

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

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
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How?

Based on our specialist understanding of the CIS Scheme, our expert mortgage advisers can present a good case to the mortgage underwriters on your behalf.

Don’t delay, Contact us now for your initial fee free, no obligation CIS mortgage assessment.

Less than perfect credit history? Low deposit?

Even if you have managed to save just 5% of your expected purchase price, or have a small CCJ, or a default registered more than two years ago, don’t despair… we can still help you get a mortgage.
Our mortgage advisers will ask you a detailed set of questions about your circumstances and if there is less than a perfect credit record you must be prepared to explain the situation around each negative point – this will help our advisors build a case to support your application for a mortgage.

But they must know all the facts about you and your credit situation, because only then can they mount a successful challenge for a mortgage, based on your day-rate. So, if you have any bad credit, no matter how minor, obtain a copy of your credit report and present it to your mortgage advisor.

Whether you ready to buy now, are just planning ahead in order to buy a new home in the future, call us; or send an enquiry and have one of our experienced CIS mortgage advisers call you right back.

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