Mortgages for CIS Contractors

Case Study

John is a CIS contractor on a daily rate of £250 per day.

We multiply his daily rate by 5 days to confirm £1,250 per week.

We then multiply this weekly rate by 48 weeks to confirm salary of £60,000 per year

We then multiply this figure by 5 (lender multiple)

This gives John maximum borrowing of £300,000

Customers calling us often tell us they are frustrated that although they would be a very good mortgage customer, they are struggling to get a mortgage.

Whatever your situation, we may be able to assist. We work with a number of lenders who have a flexible approach to underwriting your mortgage. They will look at your mortgage on a case by case basis and a person will assess your situation rather than a computer.

We appreciate everyone’s particular situation is unique, which is why we look at every enquiry on a case by case basis. We work with both High Street and Specialist lenders and, if necessary, can recommend a lender who will manually assess your mortgage application rather than asking a computer to make a decision. In the current climate, we appreciate that everyone may not “tick all the boxes” for the high street lenders.

If you would like to see whether we can help you raise a mortgage for you on a property, do get in touch for a free no obligation quotation.