CIS Mortgages

The Construction Industry Scheme (CIS) allows registered contractors to deduct money from the payments made to subcontractors, with the deductions counting as advance payments towards tax and National Insurance. The scheme also helps subcontractors spread financial liabilities over the financial year. However, it can also make it more challenging to secure a competitive mortgage rate. That’s why it’s so important to speak to an experienced CIS mortgage broker like Create Finance.

Your home may be repossessed if you do not keep up with your repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is upto 1% but a typical fee is £595.

Unlock seriously competitive deals from CIS mortgage lenders

CIS subcontractors often find it difficult to borrow sufficiently on a mortgage, mainly because mainstream banks base their decision on profit after expenses – treating registered CIS contractors like any other self-employed individual. Some lenders require you to provide two or three years’ worth of accounts to be considered for a mortgage or remortgage. However there are plenty of respectable specialist lenders willing to calculate your affordability based on your CIS day rate before tax.

How do I qualify for a CIS mortgage?

All lenders are unique with an ever-evolving criteria, but generally, specialist CIS lenders accept regular payslips as proof of income. Having three years’ worth of accounts can be beneficial, but it’s not always necessary. We know many lenders willing to consider borrowers with 12 months worth of accounts, or even 3 months CIS payslips whilst they have a more sympathetic outlook on borrowers with gaps in employment due to the nature of the work, such as being between contracts or taking a well-deserved holiday. The most competitive way to determine whether a CIS mortgage is right for you is to get in touch with our team. As soon as we learn more about your contracted work, income and mortgage goals, we can begin to narrow down the most cooperative lenders with the most competitive deals for your needs. We’ve helped many construction contractors, heating engineers, electricians, landscapers, roofers, and plumbers unlock the most competitive deal.

Speak to our CIS mortgage brokers today

If you are registered with the scheme and have struggled to find the right mortgage and need support navigating the complexities, we’re here for you. Even if you have bad credit or a small deposit, we may be able to get you rates from a variety of CIS lenders, allowing you to speed up the process of buying a new home or remortgaging. We’ve helped many construction contractors, heating engineers, electricians, landscapers, roofers, and plumbers unlock the most competitive deals. We search the mortgage market before helping you make an informed decision every step of the way, enhancing your chances of acquiring the CIS mortgage you need.

Create Finance Limited is an appointed representative of Mortgage Advice Bureau (Derby) Limited which is authorised and regulated by the Financial Conduct Authority.

Create Finance Limited. Registered Office: 35 Friar Gate Studios, Ford Street, Derby, Derbyshire, England, DE1 1EE. Registered in England Number: 09582938.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £595.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

We may receive commission that will vary depending on the lender, product or permissible factors, The nature of any commission model will be confirmed to you before you proceed. Create Finance Ltd are a credit broker, not a lender.