We’ve made contractor policy improvements that will help more of your clients

Posted on:
January 21, 2022
Posted by:
Bluestone Mortgages

Do you have clients who have recently taken a contractor position? Or had to start working as a PAYE contractor due to new legislation? Or maybe your CIS contractors want to use their CIS vouchers to reflect their income rather than SA302’s?

Over the last 2 years, we have seen a rise in contractors looking for mortgages as they have become disenfranchised from the high street and we feel they deserve our support.

So, we now want to tell you more about our policy amendments for your contractor clients:

PAYE Contractor

  • First time contractor accepted, if in the same line of work for 6 months +
  • Minimum 3 months remaining on current contract at time of offer

CIS Worker

  • We now accept 12 months CIS vouchers to determine the gross income used for affordability

If you have any contractor cases you would like to discuss with our team, call us on 0800 368 1833 or check your cases on Bluelink.

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