What Is A CIS Mortgage, And How Does It Apply To You? The Construction Industry Scheme (CIS) is more than just a financial term—it’s a gateway to homeownership for many in the construction field. Initiated by HMRC, CIS aims to simplify tax matters for contractors and subcontractors alike. Under this scheme, contractors can deduct certain […]
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How CIS Mortgages Can Benefit You: A Complete Guide
How To Get Buy To Let Mortgages As Self-Employed?
What is a Self-Employed Buy to Let Mortgage? The term “self-employed buy-to-let mortgage” does not refer to a specific product tailored for self-employed individuals. Buy-to-let mortgages are essentially the same, whether you’re self-employed or in regular employment. However, self-employed applicants are evaluated differently by lenders. Because you are the head of your own business, lenders […]
What Accountant Qualifications Do Mortgage Lenders Look For?
What is an Accountant’s Certificate? An accountant’s certificate is a document that confirms that an accountant has met the professional standards set by a particular accounting body. It can be beneficial for self-employed individuals applying for mortgages, as lenders often look favourably on borrowers who have an accountant’s certificate. When applying for a mortgage as […]
Self Employed Mortgages: A Complete Guide
Why is it Hard to Get a Mortgage when you’re Self-Employed? Owning your own business and being your boss has its perks, but when it comes to getting a mortgage, you may find a few more challenges in your path. Lenders are often cautious when it comes to self-employed individuals, as there’s no guaranteed salary […]
How to Get the Best Lifetime Mortgage Rates in 2024?
What are the Current Lifetime Mortgages Rates in the UK? The current interest rates for lifetime mortgages in the UK range from approximately 6.05% to 8%. This range gives you a snapshot of the options available to you, influenced by factors such as the loan-to-value ratio and specific features of individual plans. Looking ahead, it’s […]
The Best Lifetime Mortgage Providers in the UK – 2024
What Should You Know About Lifetime Mortgage Providers? Lifetime mortgages are different because providers don’t look at your ability to repay monthly to decide how much you can borrow. This is because monthly repayments aren’t required. Here’s what you should know to make the best decision for you: It’s all about finding what fits you […]
