How much can you borrow?
CIS Mortgage - How much could you borrow?
This table shows potential borrowing amounts for a CIS worker who has:
- Worked in construction for two years
- Has been on CIS for the last three months
- Has no loan payments to credit card debt
- Has no children or dependents
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Income | Potential Mortgage | |
Monthly | Annually | |
£1,800 | £21,600 | £96,900 |
£2,400 | £28,800 | £129,000 |
£3,000 | £36,000 | £171,000 |
£3,600 | £43,200 | £205,000 |
£4,200 | £50,400 | £239,000 |
£4,800 | £57,600 | £273,600 |
If you have credit card debt, loan payments, or child or adult dependents this amount may reduce. It can also vary on the loan to value of your mortgage. A larger deposit may allow you to borrow more.
The only true way to find out your actual borrowing potential is to get in touch with a mortgage broker who understands CIS.
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