01268 646113
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We Specialise In:

CIS Workers
Self Employed
Contractors
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Contractor
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Find out more!

CIS Workers

Mortgages for individuals who work in the construction industry under the Construction Industry Scheme (CIS)

  • We specialise in advising CIS workers on their mortgages, whether they are engaged in long-term or several short-term contracts in the construction industry
  • We specialise in working with lenders who understand the Construction Industry Scheme (CIS) that offer mortgages based on the gross income before tax, rather than the net income after tax.
  • We work with specialist lenders that recognise the unique nature of CIS workers’ pay structures and may require as little as 3 months CIS vouchers/statements instead of self-assessment documents or accounts.
  • Handling multiple different contracts in a short period of time is no issue for us.
  • We have helped thousands of:
    • General Construction Workers
    • Carpenters and Joiners
    • Bricklayers
    • Plasterers
    • Painters and Decorators
    • Electricians
    • Plumbers
    • Roofers
    • Tilers
    • Heating and Ventilation Engineers
    • Demolition Workers
    • Landscapers
    • Scaffolders

Self Employed

Mortgages for self-employed individuals, including freelancers, entrepreneurs, and business owners.

  • We specialise in Self-Employed Mortgages designed for business owners, freelancers, or sole traders who may have fluctuating incomes.
  • We can assist clients who are recently self-employed and may not have three years of accounts.
  • In some instances, we can use a projection of your current year income before your accounts are finalised.
  • In some instances, we can use a projection of your current year income before your accounts are finalized.
  • Astute business owners don’t take all of their profits out of the business as an income; we understand limited company accounts and can maximize your borrowing potential by analyzing your accounts in detail.
  • There are many ways to assess income, and we consider all of the following:
    • Sole trader NET profit
    • Director’s salaries
    • Dividends
    • Limited company profit BEFORE corporation tax
    • Limited company retained profits
    • Contributions to a company pension scheme or car allowances that are visible on limited company accounts.

Contractors

Mortgages for individuals who work on a contract basis, whether in IT, engineering, consulting, or other fields.

  • These mortgages consider the income generated through contract work.
  • Contractors may have various employment structures, such as limited company directors, sole traders, or through an Umbrella Company, and we have access to mortgage products that meet these specific circumstances.
  • We have access to specific products that cater to the unique circumstances of contracting, considering day rates as the basis for mortgage affordability.
  • Lenders multiply the day rate by the number of working days in the year to assess annual income, which can greatly benefit high-earning contractors.
  • Some lenders will offer mortgages to contractors with shorter contract histories, acknowledging the nature of contract work.
  • Certain mortgage products may offer flexibility for periods between contracts, which can help manage financial stability.
  • Some of our specialist lenders also consider zero-hour workers and temporary workers, understanding the flexibility offered by this type of employment.

Want to know more?

To find out more or to arrange a meeting with us, please call 01268 646113, or email [email protected]
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Mortgages

Mortgages are one of the largest single transactions in most people’s lives.

Mortgages are one of the largest single transactions in most people’s lives. Buying a property can be a stressful and time-consuming experience; nowadays the financing of a mortgage is a case of finding and selecting the most suitable mortgage, rather than simply accepting a lender’s offer.

Banks, building societies and smaller niche lenders compete for your business, all offering a variety of interest rate deals, associated fees and other enhancements to attract borrowers.

The two main methods of repaying a mortgage are repayment (capital and interest) and interest only. It is also sometimes possible to set this up using a combination of the two. A description of these methods is provided below.

Repayment (capital and interest) method

Under the repayment method your monthly repayments consist of both interest and capital and, over time, the amount of money you actually owe will decrease. In the early years, your repayments will be mainly interest, so the capital outstanding will reduce slowly at the start of the mortgage.

This method ensures that your mortgage is repaid at the end of the term, providing all payments are made on time and in full.

Interest-only method

As the name suggests, you will only pay the interest on the amount borrowed and none of the capital, so the capital is still outstanding at the end of the term. Therefore, you will usually need to take out some kind of investment policy to save up enough money to repay the mortgage at the end of the term.

Traditionally, the preferred product for repaying the capital of an interest-only mortgage was a mortgage endowment policy (which included a set amount of life cover). Customers now tend to use Individual Savings Accounts (ISAs) and pensions to build up a sufficient sum and to take advantage of the tax breaks offered by these products.

The information here is purely for information purposes only and does not constitute individual advice.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.

Protection

The benefits of insuring ourselves against undesirable events cannot be overlooked.

Financial products are sometimes at their most useful when they are protecting our families, our incomes or our property.

Whilst insuring ourselves against an undesirable event such as sickness or death, may not be a pleasant thing to think about, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked.

There are various ways in which a family can protect itself, and because of the large range of products available, there is usually an appropriate policy for most circumstances, and most budgets.

We can help with many ways to protect your family and your standard of living when you need it most. Click on the different protection options on the main menu to learn more about these.

Wills & Trust

If you die without a Will, then the government will decide who will inherit your estate.

What if I die without making a Will – Rules of Intestacy

If you die without a Will, then the government will decide who will inherit your estate in accordance with the Rules of Intestacy. These were drawn up in the 1920s, and despite major revisions in 2014, may not accord with your wishes. Depending upon circumstances and the size of your estate, your spouse may end up sharing your assets with your children. Married partners or civil partners inherit under the rules of intestacy only if they are married or in a civil partnership at the time of death. So, if you are divorced or if your civil partnership has been legally ended, you can’t inherit under the rules of intestacy.

The full laws of Intestacy depend on which part of the UK you live in and can be found on the government website here https://www.gov.uk/inherits-someone-dies-without-will/y.

The point of a Will

People have reservations when it comes to discussing this delicate matter, but the process need not turn out to be as upsetting or difficult as you might think. In fact, having a Will in place provides re-assurance that only comes with the knowledge that you have tied up all those loose ends.

It is important to have the correct type of Will – one that is professionally drafted to take into account your wishes, and your personal and financial circumstances.

The correct Will can allow you to:
  • Specify whom you wish to inherit your estate, in what order and in what proportions, so that you have comfort in the knowledge that your wishes will be carried out
  • Make specific legacies to family or friends or gifts to your favourite charities
  • Appoint suitable guardians for young children, rather than leaving the decision to the Courts
  • Set up maintenance trusts for children to protect their inheritance until an age specified by you
  • Make provision for children or other beneficiaries, should your surviving partner remarry
  • Protect your share of the property from having to be sold to pay your surviving partner’s future care fees, thus still having assets to leave to your family

Amending an existing Will

If you already have a Will, it is recommended that you review it every 2 to 5 years. Sometimes your wishes may not have changed, but the value of your assets and the law may have. It is very important to ensure that your Will does exactly what you want it to do; that it protects your assets and investments, and most importantly that you have taken advantage of various areas of flexibility within the law of estate planning.

INHERITANCE TAX PLANNING, WILL WRITING, TRUSTS AND TAXATION ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

General Insurance


Whether you rent or own your home, insuring it is the right thing to do.

Protecting your home

Whether you rent or own your home, insuring it makes sense. There are two main types of home insurance to consider – buildings and contents. As the names suggest, buildings insurance protects the property itself, whilst contents insurance covers the furniture, furnishings, appliances, clothing and all your possessions.

Whatever the type of property you live in, even if it’s ‘non-standard’, the chances are we’ll be able help you to find the cover you need. We’ll also be able to help you get the right cover for all your home contents.

Although the value of properties and their contents will vary, it’s important not to underestimate just how much the contents of your home are worth – your electrical and technology items alone could easily add up to thousands of pounds. Gadgets such as tablets are small but relatively expensive and can easily be damaged or stolen. Take a look around you; how much would it cost to replace all the contents of your home?

Although we all like to think that it won’t happen to our home, unfortunately, accidents, fire, burglary and other mishaps are not uncommon. So, whilst it’s tempting to think that home insurance is one expense that can be avoided, such a decision could prove to be a false economy.

The good news is that we can help.

Private Medical Insurance

With NHS waiting lists continuing to grow, many of our clients choose PMI

What is Private Medical Insurance (PMI)?

Private Medical Insurance (PMI) is a policy that covers the cost of private healthcare, offering quicker access to medical treatment, specialists, and private hospitals.

It is designed to complement the National Health Service (NHS), providing a faster route to treatment for those who want to avoid waiting lists or have more control over their healthcare options.

How does it work?

When you take out a policy, you and the insurer agree that should you fall ill or suffer an injury, the policy will attempt to return you to the same level of health you had when you took it out.

Health Insurance has many benefits – the key being private treatment for covered conditions, rather than waiting weeks or months on the NHS. It doesn’t pay out a lump sum – instead it usually pays directly for diagnostics and treatment at a private hospital.

What makes up a Private Medical Insurance Policy? 

A PMI policy is usually made up of two key elements; core cover, which comes as standard, and added-extras which cost more, but enhance your cover. Policies are very flexible and only need include the things which are important to you. This makes the options endless and it can become confusing. Our experts are on the end of the phone if you would like to chat through your options. 

 

Equity Release

Moving home can be an expensive and stressful process at any age.

Equity release is normally available to those aged 55 and over, proving to be a financial lifeline for those living in properties that may be worth hundreds of thousands of pounds but with insufficient income.

More and more people are using equity release to, pay down debts, boost their income, help enjoy a comfortable retirement or plan capital expenditure.

Moving home can be a stressful and expensive process at any age. Many people would prefer to stay put and benefit from the ‘equity’ or value tied up in their homes, and equity release schemes allow them to do that.

These are the main options available to older homeowners:

Retirement interest-only mortgage (RIO)

A RIO mortgage is similar to a standard interest-only mortgage, but in this case the loan is usually only repaid when you sell the property, die or move into long-term care. RIO mortgages usually have a minimum age requirement of 50, though some lenders may require borrowers to be 55 or 60.

Lifetime Mortgage

With a Lifetime Mortgage, a loan is taken out on the property to provide a lump sum, an income or a combination of the two. No interest is payable until the home is sold, which could be when you and your partner have both gone into long-term care or died.

A Lifetime Mortgage with a drawdown facility allows you to take the cash in stages, as and when suits you. This gives flexibility and the reassurance that you can access further funds at some point in the future, should you need them. It is more cost-effective, as interest is only charged on funds when they are drawn down.

Home Reversion

With a Home Reversion scheme, you sell all or part of your home in return for a tax-free lump sum or a regular income. These schemes are normally available to homeowners aged 65 and over.

You will normally receive below a below market value for your property, as you retain the right to stay in your home rent-free until you move out permanently or die.

When this happens, you or your estate will revive the value of your share from the sale proceeds. The value you receive will be the amount your home sold for, minus the share you sold to the equity release provider originally. This means you’ll know exactly what percentage of your home’s value will be left to your estate on your death.

Professional advice is essential and equity release isn’t the right solution for everyone. Releasing cash from your home reduces the value of your estate and the amount of inheritance you leave, so you should involve your children and dependants from the outset

Think carefully before securing other debts against your home. Equity released from your home will be secured against it.

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