CIS Contractor Mortgages: Borrow More
Horizon HQ Insights · Hampshire
Wrong.
If you are a CIS contractor, you know the drill: you’re paid a day rate, but for tax purposes, you’re self-employed. Many contractors believe banks only look at their “bottom line” after expenses, which usually leads to a smaller mortgage offer or an outright “no.”
But here is the reality: many lenders now treat CIS workers differently. Instead of looking at your taxable profit, they can use your gross day rate to calculate your affordability.
The CIS Power Play
Much like a master tradesman, we know that having the right tool for the job makes all the difference. By using your day rate as the foundation, your borrowing power could be significantly higher than you realise.
| Day Rate | Potential Mortgage |
|---|---|
| £250 | £258,750 |
| £350 | £362,250 |
| £500 | £517,500 |
Every horizon is different. Whether you are on-site in Southampton or managing a project in Portsmouth, we align your specific CIS income with lenders who actually understand the construction industry.
Ready to see what your day rate is really worth?
Disclaimer: Figures are for illustration purposes only and actual outcomes may differ. Example figures provided by our partners at Frankly Group Ltd.
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