Sole Trader Mortgage

By |2022-03-21T12:06:51+00:00May 21, 2021|Knowledge Mortgages, Mortgages, Self Employed Mortgages|

A sole trader is someone who runs their own business and are self-employed. They are able to keep all the post-tax profits from the business, but it means they are also legally responsible for all aspects of their business and personally liable for the finances of the business

CIS Mortgage

By |2021-12-04T12:50:35+00:00January 19, 2021|Knowledge Mortgages, Mortgages, Mortgages for Different Occupations / Income Types, Self Employed Mortgages|

CIS is short for ‘Construction Industry Scheme’ and was set up by HM Revenue & Customs (HMRC) as a way for people who work in construction to pay tax. Self-employed individuals and sole traders can find it challenging when applying for a mortgage due to the way lenders calculate affordability based on net profit figures, which then results in being offered a lower mortgage loan.

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