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We Specialise In:

CIS Workers
Self Employed
Contractors
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Excellent
Based on 83 reviews
Robert Lawson
Robert Lawson
15 April 2024
Sam went over and above to help me and my wife secure the required borrowing for our dream home. Initially we had a relaxed chat where he gave me free advice so I could have a crack at securing the money myself. When I failed abysmally he then stepped up and managed to scrape the borrowing together for us. Particularly impressive as we are both self employed moving 200 miles away from client bases and he only had the notional sniff of a job contract to work with. On top of all the above he consistently came across as a thoroughly nice chap. Well done Sam and I know we'll be using you again. Rob
lucy davis
lucy davis
15 April 2024
Sam was a superstar helping with our Mortgage. We had a few special quirks for him to deal with…. And he smashed it. He has also been super informative on life insurance and a great follow up chat. Many thanks.
Nathan Smith
Nathan Smith
10 April 2024
Honestly, as a first time buyer Dan has been top quality. Provides all the information and asks all the right questions. Timely and efficient and also humouros which makes an otherwise stressful situation pain free, will definitely be back when up for remortgage!
Daryl Winchester
Daryl Winchester
10 April 2024
The personal and dedicated service we received from Dan has been nothing short of exceptional. He has made the process of purchasing our home as easy and stress free as possible, being available for questions and queries that never seemed like too much trouble to deal with. I would highly recommend using Dan, 5 stars isn't enough.
BEJOY THOMAS
BEJOY THOMAS
8 April 2024
Dan is much helpful to acheive our goal to fullfill the dream.
Martyn Blowers
Martyn Blowers
8 April 2024
Using CSC Financial has made the mortgage process so easy and stress free. I would definitely recommend them to all my friends
Thomas Robjent
Thomas Robjent
25 March 2024
Highly recommended! Top service
Adrian Doros
Adrian Doros
14 March 2024
Sherrie always responded promptly to our questions and concerns. It was really reassuring to have her guide us through this process. Many thanks Sherrie!
Diana Veletian
Diana Veletian
14 March 2024
Sherrie and Sam provided us with excellent service. They were very patient and dedicated in explaining the mortgage process to us, as we are first-time buyers, and were able to apply their expertise to help us navigate various obstacles that came our way. Would definitely recommend.
Chris Cottage
Chris Cottage
10 March 2024
We have worked with CSC Financial many times over the last 10 years. They always find the best deals and are so helpful and knowledgeable. Thank you to the team at CSC.

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.

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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.

Long Term Care

It’s important to consider planning for long-term care to protect you and your family.
It’s no secret that the UK population is ageing. The Office for National Statistics (ONS) projects that more than 24% of people living in the UK will be aged 65 or older by 2042, up from 18% in 20161.

Together with an ageing population, changes in legislation and increasing care costs, it’s more important than ever to consider planning for long-term care to protect yourself and your family.

Will the government support me?

The way care is funded works differently across the UK. In England and Northern Ireland the situation depends on how much capital you have:
  • Less than £14,250: you will be entitled to support from the local authority. You won’t have to contribute from your capital, but you will be expected to contribute from your income. Third party top ups will be required to pay care costs which are above the local tariff rate.
  • More than £14,250, but less than £23,250: you are required to contribute towards the cost of your care at a rate of £1 for every £250 of savings between £14,250 and £23,250. This is known as ‘tariff income’.
  • More than £23,250: you will have to pay the full cost of your care.

In Scotland, the capital limits are as follows:
  • Less than £18,000: you will be entitled to maximum support from the local authority. You won’t have to contribute from your capital, but you will be expected to contribute from your income.
  • More than £18,000, but less than £28,750: you are required to contribute towards the cost of your care at a rate of £1 for every £250 of savings between £18,000 and £28,750.
  • More than £28,750: you will have to pay the full cost of your care. If you have less than £28,750 in capital, but a weekly income considered to be high enough to cover the cost of your care, you will have to pay all of your fees.

If you live in Wales, the capital limit varies depending on whether you’re paying for non-residential or residential care and is £24,000 and £50,000 respectively.

What is included in the means test?

Most assets and savings are included in the means test, but your home will be excluded if:
  • Your spouse lives in the property
  • A disabled relative lives in the property A relative over 60 lives in the property
  • A child under 16 lives in the property
  • The person is in the first 12 weeks of needing permanent care
  • Care is temporary

Can I give my property away?

There is no time limit for the Local Authority to question any transfer of property to establish whether the motive for transferring may have been to exclude the property from the means test.

What are the costs of long-term care?

Costs are very different depending on whether you receive care in your own home or in a care home and also depend on how much support you need. According to a report by healthcare specialists LaingBuisson in 20182, care home costs can range from: £27,000 to £39,000 per year for a residential care home, or £35,000 to £55,000 per year if nursing is required These costs may not include things like day trips, hairdressing etc, so it’s important to check exactly what is included.

Is a cap on care costs being introduced?

Following the Care Act 2014, a proposed £72,000 cap on care costs was due to be introduced from April 2016. However, this was then postponed to April 2020 and is now pending the publishing of a Government Green Paper.

How can I plan for long-term care costs?

We can advise you on how best to plan for your potential long-term care needs by creating a plan specific to your individual circumstances. This could be through investments, purchase of an annuity (lifetime income), property-related finance (such as equity release) or a combination of these. If you’re facing the challenge of paying for care, either for yourself or a loved one, we can help you make the right choices, so do get in touch.

The value of investments may fall as well as rise. You may get back less than you originally invested. Think carefully before securing other debts against your home. Equity released from your home will be secured against it. To understand the features and risks, ask for a personalised illustration.1ONS 2 LaingBuisson

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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