If you’re an electrician 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 electricians 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 £16,000 after expenses were deducted but that doesn’t mean your borrowing power should be reduced.
“A couple came to me recently, desperate to buy their first home. She’s employed, earning £30,000 a year. He’s a sparky, but after all his expenses, his tax return only showed £16,000 profit.
Based on those “paper” figures, the high-street banks told them their max budget was £207,000. In today’s market, that wasn’t enough for the house they needed.
They came to me and straight away instead of using his tax return, we went to a CIS-friendly lender and used his latest 3 CIS statements instead which showed he was earning £1,000 per week or £52,000 per year. Which is obviously A lot Better than £16,000.
Their borrowing limit jumped from £207,000 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.
