Sole Trader Mortgage Broker | Get Best Mortgage Advice
Navigating the world of mortgages can be a daunting task, especially for sole traders. You may find yourself asking, “How [...]
Construction Industry Scheme Mortgages – A Guide to Eligibility & Lenders in the UK
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.
Sole Trader Mortgage
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