CIS contractor mortgage boost [EQMWWj3KNSe]
If you’re a CIS contractor, some lenders will use your CIS payslips or statements to prove affordability when looking at a mortgage. This can often provide an income boost compared to using your self-assessment figures, because self-assessment usually shows a lower profit after expenses. Being assessed this way can increase what you’re able to borrow, and if affordability is going to be tight, it gives you that little bit of extra headroom. Not every lender does this, so it’s worth knowing which ones do. #CISContractor #SelfEmployed #Mortgages #Shorts