CIS worker mortgages
Unlock mortgage options tailored specifically for Construction Industry Scheme (CIS) subcontractors.
Our brokers can use your annualised earnings to enhance affordability, helping you secure the home you deserve.
Overcoming the barriers to approval
CIS subcontractors often face challenges securing mortgages going through traditional routes. High street lenders rely heavily on accounts, payslips, and SA302s, which can paint an incorrect picture of your actual earning potential.
This outdated approach often leads to lower borrowing offers or rejected applications, putting CIS contractors in a difficult position. We remove these barriers by collaborating with specialist lenders who understand CIS income structures, ensuring the process is smooth and straightforward.
Specialist CIS mortgages
Whether you’re a first-time buyer, moving home, or looking to remortgage, our specialist approach ensures your mortgage matches your circumstances. At Freelancer Financials, our expertise allows you to benefit from:
Maximise your borrowing potential
Borrowing potential of up to 5.5x your annualised contract income.
Minimal documentation
3-6 months’ payslips, CIS registration info, and ID.
Effortless application process
A streamlined process designed for busy construction professionals.
Wide range of mortgage options
Access various products, including fixed-rate, interest-only, tracker, and offset mortgages.
Specialist lender connections
Relationships with underwriters who understand CIS subcontractor income structures.
How much can you borrow?
Unlike high street lenders, we calculate affordability using your contract day rate. Here’s how it works:
- Day rate × 5 (days/week)
- × 46 (working weeks)
- × 4.5 to 5.5 (income multiple)
Example
If you earn £220 per day, your borrowing potential could be:
£220 × 5 (days) × 46 (weeks) × 4.5 (income multiplier) = £227,700.
This figure varies depending on credit history, deposit size, and lender criteria, but our brokers ensure you receive an accurate and competitive assessment.
Types of mortgages available
Our flexible, competitive solutions are designed to make your mortgage journey easier. We offer a range of mortgage products designed for CIS subcontractors, including:
First-time buyer mortgages
Home mover mortgages
Remortgages
Buy-to-let mortgages
Day 1 mortgages
Helping CIS workers with less-than-perfect credit
We know life isn’t always smooth sailing. That’s why we can help CIS subcontractors with minor credit issues, such as:
- Small CCJs or defaults registered over two years ago.
- Gaps in contracting history.
Our brokers work closely with specialist lenders, and our approach enhances the likelihood of approval even if you have had challenges in the past. Transparency is key. We’ll help you find and secure your dream home.
How much can I borrow on a CIS worker mortgage?
Quick links
Contractor-friendly mortgage lenders
Contractor mortgage calculators
Your protection insurance options
What makes Freelancer Financials different?
Ready to take the first step?
Contact us today to explore mortgage options tailored to CIS workers. We simplify the process, make the most of your borrowing power, and ensure you get the deal you deserve.
Call us now: 020 8421 7999 or fill in the form to start your journey.
