Are you a CIS Worker seeking a mortgage?
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How to get a mortgage as a Construction Industry Scheme (CIS) Worker
Working in the Construction Industry Scheme (CIS) means you often get penalised or even worse declined for the mortgage amount you want. Most high street banks and mortgage brokers don’t understand the hurdles that you as a CIS worker are undoubtedly going to come across when applying for a mortgage.
Mistakenly labelled as a “sole trader”, you’ll be pigeonholed as “higher risk”, resulting in unnecessary delays and rejected mortgage applications.
That’s why we created a bespoke mortgage service so you can avoid this from happening to you. You’re about to witness the power of having a team of experts that specialise in mortgages for CIS Workers in your corner!
Our unique approach involves manually underwriting mortgages with common sense, without relying on credit scoring. This, along with our deep knowledge of CIS worker mortgages brings solutions you never thought possible.
If you want to take advantage of getting a mortgage approved based on your monthly CIS vouchers then you’ve come to right place. Our lenders love CIS Workers and with exclusive deals at high street rates your mortgage dreams are just a few clicks away.
What documents do I need to apply for a CIS Worker Mortgage?
Lenders want to see proof of both income and stability. As a CIS worker, you’ll usually need:
Having these ready makes the application process smoother and helps underwriters understand your earnings more clearly.
How is my income assessed when applying for a CIS mortgage?
Unlike PAYE applicants, your income is viewed differently as a CIS worker. Lenders may:
The key is choosing a lender who looks beyond the basics and recognises the consistency of your work under CIS.
How We Help CIS Workers Borrow More
Specialist advice makes a real difference when applying for a mortgage. We are champions of the self-employed – here’s how we help CIS workers borrow more:
This tailored approach gives you access to borrowing options that properly reflect your earning power.
Why Work With Us
Here are just a few ways we’re DIFFERENT from other companies
Self-Employed
Specialists
Specialists
In-House
Underwriting
Underwriting
Borrow
More Money
More Money
Proven
Success Rate
Success Rate
CIS Worker Success Story
Aaron and Jasmine secured their ideal mortgage with our expert guidance, avoiding a lengthy wait for tax returns. They’ve just moved in and are thrilled to start refurbishing their new home
The new wave method
Here’s the SIX STEPS to GUARANTEE Self-Employed Mortgage SUCCESS
Pro-TIP:
CIS Workers
Take advantage of your CIS worker status and benefit from bigger loan amounts! Our expert Chloe provides her favourite tip to ensure your mortgage is approved without the hassle of providing a tax return.”
Ask our Experts
Yes. Many CIS workers have fluctuating income. Lenders will often take an average over the last three, six, or twelve months of payslips to smooth out the peaks and dips.
Some lenders use your day rate to calculate annual income, particularly if you work on fixed contracts. This can sometimes give you a higher borrowing figure compared with using tax return income alone.
Absolutely. CIS workers can remortgage in the same way as employed applicants. The process is the same, but you’ll need to show CIS vouchers, payslips or accounts to prove your earnings.
Not necessarily. The deposit requirements for CIS workers are usually the same as for other applicants. Most lenders ask for at least between 5 and 10%, though a larger deposit can open up better rates and more choice.
Yes, we charge a one-off broker fee when your mortgage is accepted by the lender. At this stage your application has been submitted, they’re happy with your paperwork and their surveyor has valued your property. At this point, you’ll be sent a formal mortgage offer which is a legally binding document to confirm the mortgage is approved. We’ll then invoice for our broker fee of £1,995.
Typically, it takes 2-4 weeks to get your application approved by the lender. The quickest we have turned an application around is just 48 hours! If speed is important, then tell your expert and they’ll match you with the right lender to ensure it gets accepted as quickly as possible.
As a rule of thumb, lenders restrict the amount you can borrow to 4.5 x your last two years tax returns. Being experts in CIS worker mortgages, we have access to lenders that will lend significantly more! Use our quick calculator to get an estimate based on your self-employed earnings.
The answer to this is simple. Yes! It’s just question of when you’ll be able to get the mortgage you’re looking for. Our unique service for CIS workers provides all the best shortcuts out there to bring you the best mortgage options in the quickest timeframes possible.
This depends on the lender your expertly matched with. As a minimum we require proof of ID, proof of address and proof of income. We’ll need sight of your last 3 months CIS vouchers too.
We are so confident your application will be approved that you’ll receive £250 Amazon vouchers if we don’t. That’s the New Wave Guaranteee. We also take all the risk so you don’t have to… this means you don’t pay us a penny if we’re not able to secure the mortgage we promised.
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