CIS Mortgage
Specialists.

CIS Mortgages: Complete Guide for Construction Industry Workers

Construction workers and contractors have traditionally faced significant challenges when applying for mortgages. Despite earning substantial incomes, many find themselves rejected by traditional mortgage lenders who struggle to assess self-employed earnings properly. If you’re registered under the Construction Industry Scheme, CIS mortgages could be the solution you’ve been searching for.

Unlike conventional mortgage products, CIS mortgages allow lenders to assess your borrowing capacity based on your gross income rather than declared net profit. This fundamental difference can dramatically increase your borrowing power and open doors to homeownership that seemed impossible through traditional routes.

Traditional mortgage lenders typically evaluate self-employed workers based on their net profit as declared in self-assessment tax returns. However, most CIS mortgage lenders recognize that this approach often undervalues the true earning capacity of construction workers who legitimately offset expenses against their gross income to minimize tax liability.
Instead of focusing on net profit declared in tax returns, CIS mortgage providers assess applications based on gross CIS income as evidenced by CIS payslips and bank statements. This approach acknowledges that construction workers often have substantial business expenses that reduce their taxable profits but don't reflect their actual earning power.

The difference can be substantial. A CIS worker earning £4,500 monthly gross income might declare only £2,500 in net profit after offsetting expenses. Traditional mortgage lenders would base their assessment on the lower figure, while CIS-friendly lenders would use the higher gross amount, potentially doubling your available borrowing capacity.