Mortgage Advice for People with Complex Incomes and Employment
Mortgage Solutions
Flexible Approach
Mortgages for Contractors – Including CIS & Day Rate Contractors
If you work as a contractor, freelancer, or self-employed worker in the construction industry, you may have been told that securing a mortgage is difficult. However, there are lenders who specialise in mortgages for CIS contractors and day rate contractors, and we can help you find them.
Day Rate Contractors
For professionals working on a day rate basis—such as IT contractors, engineers, or consultants—many lenders are willing to calculate your annual income based on your day rate rather than requiring traditional payslips or accounts. This can increase your borrowing potential significantly compared to lenders who only assess net profits or dividends.
CIS Contractors
If you work in construction and are paid via the Construction Industry Scheme (CIS), some lenders will treat you as an employed applicant rather than self-employed, meaning they may assess your income based on your gross earnings before tax rather than your net profits. This can be beneficial for maximising your affordability and securing a better mortgage deal.
Using Multiple Income Sources to Boost Your Mortgage Affordability
Many people receive income from more than one source, and the good news is that certain types of additional income can be used to strengthen your mortgage application. Lenders may take into account:
✔ Benefit Income – Some lenders will consider benefits such as:·
Child Benefit·
Universal Credit·
Personal Independence Payment (PIP)·
Disability Living Allowance (DLA)·
Carer’s Allowance
✔ Bonuses & Commission – If you receive bonuses, commission, or overtime income, some lenders will count a percentage of this towards your total income. The amount accepted varies, but we know which lenders are most favourable.
✔ Maintenance Payments – If you receive child maintenance or spousal maintenance as part of a legal agreement or consistent private arrangement, some lenders will include this as income.
✔ Stipend Income – If you receive a stipend, such as for postgraduate research or medical training, some lenders will accept this as part of your mortgage application. While not all lenders recognise stipend income, we know which ones do and can help you find the best options.
By working with a mortgage broker like us, you can increase your borrowing potential by including all eligible income streams when applying for a mortgage.
Why Choose PBS Mortgage & Financial Advisors?
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Don’t just take our word for it...
Great financial advice, very clear and concise and with no pressure. I’ve used Ross a couple of times now and he couldn’t be more helpful, that goes for the rest of the team too. Excellent company to use would recommend to anybody thinking about financial/mortgage advice.
Superb service from the team at PBS - highly recommended. Gareth was exceptional and provided great support throughout. Fee was also more than reasonable. Looking forward to using PBS again when my mortgage renewal is due.
We have used PBS's services quite a few times and every time we have had fantastic service. Ross, in particular, is professional, helpful and understanding. He helped us navigate our very first mortgage in 2016, then subsequent remortgaging processes. Thank you for all your help, it's been invaluable!
An excellent service, very efficient & a very good remortgage deal. Streamlined service & we were kept up to date regularly about the progress. Would definitely use again & recommend.
Cannot rate PBS financial solutions highly enough. Paul has always been very helpful, listening to our changing needs and giving us sound advice and direction in relation to mortgage renewals. This has been especially important with the prices going up significantly. Would recommend without hesitation.
Very informative and efficient service. Everything was explained clearly and presented to us well which made the whole re-mortgaging process simple and stress free. Thanks to the team at PBS!
PBS was recommended to me by a friend and I am so glad to have had the tip. PBS went above and beyond to help us and we will certainly be using them again. I have already recommended them to two other people myself. Many thanks to Ross and Sara for their hard work and determination.
Paul and his team were excellent in helping us secure a mortgage for our new home. They explained everything carefully and went above and beyond in helping find the very best deal for our particular circumstances. I want to also extend extra thanks for their patience and understanding when things got a bit stressful! I would highly recommend their services.
Thank you for making our mortgage application so easy and stress free. Ross was fantastic! He kept us updated every step of the way. Super responsive to my many emails to him. Thanks again Ross!
They are very knowledgeable and helpful. I have used their services multiple times and have always been more than happy with the process and outcome. Highly recommended.
