CIS scheme mortgages

Construction Industry Scheme (CIS) mortgages aimed at contractors who find difficulty to get a mortgage. With sole traders and self-employed individuals often declaring  lower income than their overall turnover as a result of offsetting expenses against tax in order to minimise the tax they pay, it can be hard to convince lenders that they can afford the mortgage they need. The CIS enables contractors to present their earnings as pre-tax gross income rather than final post-tax profit so that lenders can lend a greater amount.

Because this is a specialist area, high-street mortgage lenders are not the best place to start. There is need of specialist lender that will understand contractors and way they remunerated.

SWG has plenty of experience in arranging mortgages for contractors paid via the CIS scheme. Moreover, we understand how contractors are paid and can find a bank that lend you on the best possible terms.