Construction Industry Scheme (CIS) Mortgages
What is the Construction Industry Scheme and how do lenders consider your income?
Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC).
The deductions count as advance payments towards the subcontractor’s tax and National Insurance.
Many mortgage lenders will look as this income on a self-employed basis and use the net profit after tax.
The good news is we have a number of lenders that will consider applicants using the CIS scheme as employed and use their last 3 months CIS slips as proof of income.
This enables you to borrow considerably more on a mortgage as the lender is using the gross income figure rather than the net figure.
It’s also useful if you have been contracting for a short period of time.
Click here for more information on self employed mortgages.
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A fantastic experience changing mortgage provider with Mortgage Plus, we managed to reduce our mortgage term by 5 year but still pay the same monthly payments! Melissa came to our house to sort out family insurance cover it was so easy and she made the form writing so simple. Highly recommend Mortgage Plus
Katie Thomas
A huge thanks to all the team at Mortgage Plus, particularly Debbie. From start to finish the communication was great. Nothing was ever too much bother. They got us a great deal on our new mortgage. A big thanks to Debbie for putting up with our little ones causing havoc and still remaining professional through out!
We couldn’t recommend these guys enough.
Stuart Wheeton
A Great BIG Thank you to Susan and her team. Me and my partner we do not know what we would have done without them. Always there to provide answers and direction and most of all reasurance of a smooth process! Wouldn’t hesitate to use Mortgage Plus again in the future! I highly recommend Mortage plus to everyone.
Mohammad Amzad Hussain
This is a very honest and genuine review because my Mortgage has been possible through the unrelenting efforts of the team at Mortgage Plus who are brilliant, dedicated and so efficient. Susan, you are a genius in this mortgage profession, I am indeed so grateful for your professionalism, Natalie and Yasmin, you guys are just too efficient and it’s obvious you all love what you do which has made the life of your clients easy with the application for a mortgage. Thank you.
Gbenga Omotayo
I can not thank Susan enough! She was kind, helpful and so informative as i went into the process completely unaware of what it entailed. Susan gave me confidence to ask questions no matter how silly and was always responsive extremely quickly if i needed advice/ had any queries. Both the girls who work alongside Susan were also really approachable and made the whole exciting experience of buying my first home feel less daunting and scary! I would recommend Susan and her team to ANYONE who would listen :)!
Amelia
Great experience and service! Susan and Yasmin have been really helpful and competent, by helping to get the right mortgage twice!!! Thank you mortgage plus!
Besnik Pashaj
The whole experience was made very easy thanks to my advisor,
Debbie Lee she was always there for my questions and answered them straight away, very friendly and professional at all times. She got me the best deal possible. I would recommend her to anybody. Which I have and she is now working with my friend, who is receiving all the help required. 10 out of 10 for Debbie. Thank you.
Paul
As a first time buyer I decided to use mortgage plus to help me find my first home and mortgage. The advise and knowledge given to me was so important and helpful it made the whole process much easier. I also used them to change mortgage company’s when needed and they got me a great deal at a great price. I would honestly recommend them to any one.
Bradley Wade
So helpful!
Sue is brilliant – highly recommended
Chloe Mercer
Great company!
As a first time buyer Sue helped in every way she could. Couldn’t recommend enough
Jon Duggan
Always on hand for anything that your…keep doing what your doing!
Always on hand for anything that your not sure of and guide you through all the steps . It just seems that nothing is a problem. Would recommend this company to anyone.
Martin
Mortgage plus made everything so quick…
Mortgage plus made everything so quick and easy. In particular Susan who arranged my mortgage.
Excellent service I would not hesitate to use again.
Victoria Sorrell
I recently re mortgaged with Mortgage Plus and I found them so helpful and professional.
Mel and the team delivered an excellent service from start to finish.
They kept me updated throughout the process and I would definitely recommend Mortgage Plus.
Rob T
So helpful & Friendly!!
My advisor Susan Bray was so helpful & friendly,
I have used her twice now & would highly recommend :)
Kelly
The company keep you informed on every aspect and are nice people to deal with!
I have been dealing with Sue at Mortgage Plus for a good few years and she has arranged both residential and Buy to Let mortgages for me.
Recommended.
Ray Spillman
Would highly recommend to anyone.
Dealt with Mortgage Plus for my initial mortgage and then a re-mortgage 2 years on (Completed now).
Both experiences where great and stress free, down to the professionalism of Susan and her team and was also kept very informed of every step of the process.
Adam Tompkins
Brilliant throughout!
Done my first mortgage and my remortgage with Mortgage Plus and they were brilliant throughout.
Gemma and Sue were always on hand to answer any questions I had.
would highly recommend Mortgage Plus and I will be using them when my next remortgage comes up.
Mitchell Brown
Amazing service and they find the best mortgages…..
I have recommended them to all my friends that are looking to move or simply remortgage.
Mark Barnard
Extremely professional and straight forward!
Thank you!!!
Paulo Peres
Great professional not a bad word to say about them
Jean Tsanga
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