Get a contractor mortgage

Contractor mortgages.

Get access to mortgage options built for contractors, with flexible criteria and expert support.

What’s included in contractor mortgage services?

Here’s everything you need to understand and prepare for a contractor mortgage.

7 services

Day-rate contractor mortgages

You can use your day rate (not your payslips) to work out what you can borrow. Some lenders use a simple formula to calculate annual income: Day rate × 5 days × 46 or 48 weeks Lenders often use 46 or 48 weeks instead of 52 to account for unpaid time off. Most contractors don’t get paid for holidays, sick days, gaps between contracts, or bank holidays. So, lenders reduce the assumed number of working weeks to make the income estimate more realistic and less risky from a lending perspective.

💡

Some lenders accept just one signed contract as proof of income.

What’s included in contractor mortgage services?

Here’s everything you need to understand and prepare for a contractor mortgage.

Day-rate contractor mortgages

💡

Some lenders accept just one signed contract as proof of income.

Umbrella PAYE contractor mortgages

Fast approval processes

Specialist mortgage brokers

First-time buyer support

Flexible mortgage options

Life and critical illness cover

Why do you need a contractor mortgage?

Traditional mortgages don’t always work for contractors. A tailored approach gives you a better chance of approval.

Benefits of contractor mortgages:

They recognise your contract income
Reduce the risk of rejection
Help you borrow based on your day rate
Help you secure a home without changing how you work

Trusted by professionals from:

FAQs.

Your questions about contractor mortgages, answered.

Yes. Many specialist lenders will assess your day rate or contract value instead of requiring full accounts. Some accept just 6–12 months of history, especially if you're in a stable sector.

It’s highly recommended. It can be difficult for contractors to secure competitive mortgage finance from traditional lenders due to irregular income or payslips that don't conform to the norm. High street lenders may view rolling contracts as unstable employment. Specialist mortgage brokers understand these unique income structures and work with lenders who cater specifically to contractors and freelancers.

It depends how you work.

Limited company: While many lenders use salary and dividends to determine affordability, some specialist lenders will calculate yearly income based on the day rate.

Umbrella worker: Lenders often assess affordability using payslips from the umbrella company, evaluating earnings in a more traditional PAYE way, but some may still use a formula based on the daily rate.

Sole trader: Lenders typically require at least two to three years of tax returns or certified accounts for freelancers and the self-employed.

Still have a question?

Explore more essential services.

Our trusted partners bring you the best tools and services to simplify your contracting journey.

Accountants

Accounting software

Company formation

Contractor insurance

Umbrella companies

IR35 assessment

Financial wellbeing

Manage your money

Accountants Accounting software Financial wellbeing

Get contractor insurance

Professional indemnity Public liability Personal accident Employers’ liability Directors’ & officers’ liability

Set up your business

Company formation

Get a contractor mortgage

Contractor mortgages

Send and receive money

Business payments & transfers

Stay IR35 compliant

IR35 assessment

Choose an umbrella company

Umbrella companies

Plan your finances

Pensions & investments Wills & estate planning

Grow your business

Creativity Marketing Social media

Stay secure online

Data backup Web security Privacy

Rest and recharge

Holidays Hotels Flights

Boost your productivity

AI tools Learning Planning & organisation

Get a contractor mortgage

Contractor mortgages.

Get access to mortgage options built for contractors, with flexible criteria and expert support.

What’s included in contractor mortgage services?

Here’s everything you need to understand and prepare for a contractor mortgage.

7 services

Day-rate contractor mortgages

💡

Some lenders accept just one signed contract as proof of income.

What’s included in contractor mortgage services?

Here’s everything you need to understand and prepare for a contractor mortgage.

Day-rate contractor mortgages

💡

Some lenders accept just one signed contract as proof of income.

Umbrella PAYE contractor mortgages

Fast approval processes

Specialist mortgage brokers

First-time buyer support

Flexible mortgage options

Life and critical illness cover

Why do you need a contractor mortgage?

Traditional mortgages don’t always work for contractors. A tailored approach gives you a better chance of approval.

Benefits of contractor mortgages:

They recognise your contract income
Reduce the risk of rejection
Help you borrow based on your day rate
Help you secure a home without changing how you work

Trusted by professionals from:

FAQs.

Your questions about contractor mortgages, answered.

Yes. Many specialist lenders will assess your day rate or contract value instead of requiring full accounts. Some accept just 6–12 months of history, especially if you're in a stable sector.

It depends how you work.

Limited company: While many lenders use salary and dividends to determine affordability, some specialist lenders will calculate yearly income based on the day rate.

Sole trader: Lenders typically require at least two to three years of tax returns or certified accounts for freelancers and the self-employed.

Still have a question?

Explore more essential services.

Our trusted partners bring you the best tools and services to simplify your contracting journey.

Accountants

Accounting software

Company formation

Contractor insurance

Umbrella companies

IR35 assessment

Financial wellbeing

On this page