If you’re a plumber paid through the CIS scheme, this page is for you.
We help subcontractors find affordable mortgage deals based on their pre-tax income.
Borrowing based on pre-tax income allows plumbers paid via the CIS scheme to borrow more and therefore, have enough budget to buy the property they need.
We work with a selection of UK lenders who accept just three months’ CIS statements.
Get in touch with us today to learn more about your options.
Your tax return may declare that you earned £18,000 after expenses were deducted, but that doesn’t mean your borrowing power should be reduced.
“Let’s say this plumber’s girlfriend is employed, earning £30,000 a year. He’s a plumber, but after all his expenses, his tax return only showed £18,000 profit.
Based on those “paper” figures, the high-street banks tell them their max budget is £216,000. In today’s market, that isn’t enough for the house they need.
They come to me, and instead of using his tax return, we go to a CIS-friendly lender and use his latest 3 CIS statements, which show he is earning £1,000 per week or £52,000 per year. This is significantly better than £18,000.
Their borrowing limit jumps from £216,000 to £380,000.
Same couple. Same circumstances. Just a different lender who actually understands how subbies are paid.”
Alex Sheath – CIS Mortgage Broker
Fill out the contact form or email [email protected] for expert CIS mortgage advice. We’ll match you quickly with subby-friendly options and guide you every step of the way.
