Need a contractor mortgage? Our specialist mortgage brokers have 20+ years of experience helping UK contractors secure mortgages using contract-based underwriting. We assess your day rate income, not complex accounts.
With over 20 years specialising in contractor mortgages, we’re recognised as the UK’s premier mortgage brokers for independent professionals. We’ve helped over 50,000 contractors, freelancers, and consultants secure mortgages using specialist contract-based underwriting.
We access specialist contractor mortgage lenders unavailable on the high street. Our exclusive relationships with Halifax, Nationwide, Leeds Building Society, and other contractor-friendly lenders mean better rates and terms for our clients.
Our mortgage advisers understand contract-based underwriting better than any other UK mortgage broker. We know exactly how to present your contractor income to maximize your borrowing capacity using the day rate assessment methodology.
Halifax pioneered contract-based underwriting for contractor mortgages. We have exclusive access to their specialist contractor mortgage teams who assess applications based on day rate income, not traditional salary calculations.
Nationwide offers some of the UK's most flexible contractor mortgage criteria, accepting contract gaps up to 12 weeks and providing manual underwriting for complex contractor cases.
Leeds BS specialises in high-value contractor mortgages and offers their complete mortgage range to contractors, including offset mortgages and interest-only products.
We also work with Barclays, NatWest, Skipton Building Society, Clydesdale Bank, and specialist lenders like Kensington Mortgages - all offering contract-based underwriting for UK contractors.
Case Study 1: First-Time Contractor
Client: Sarah, Java Developer
Day Rate: £600/day
Situation: Just started first contract, previously employed developer for 3 years
Calculation: £600 × 5 × 46 = £138,000 annual income
Result: £621,000 mortgage approved with Halifax within 5 days
Case Study 2: High Day Rate IT Contractor
Client: Mark, Cloud Architect
Day Rate: £900/day
Situation: 18 months contracting, consistent renewals
Calculation: £900 × 5 × 46 = £207,000 annual income
Result: £931,500 mortgage approved with Leeds BS, better rate than high street
Case Study 3: Non-IT Contractor
Client: Emma, Management Consultant
Day Rate: £550/day
Situation: 2 years contracting, small contract gap last year
Calculation: £550 × 5 × 46 = £126,500 annual income
Result: Nationwide approved £569,250 mortgage despite 8-week gap
Contract-based underwriting has revolutionized contractor mortgages, but accessing the best contractor mortgage deals requires expert mortgage brokers who understand this specialist market.
As the UK’s leading contractor mortgage specialists with over 20 years of experience, we’ve helped tens of thousands of contractors, freelancers, and independent professionals secure mortgages using contract-based underwriting.
We review your day rate and calculate maximum borrowing across our specialist lender panel.
Direct access to contractor-specific underwriting teams at major lenders – not available on the high street.
We package your application using a contract-based underwriting methodology that these lenders expect.
Most contractor mortgage decisions within 1 week due to simplified assessment process.
Typically 3-4 weeks from offer to keys, often faster than standard mortgages.
Ans: UK contractor mortgage lenders typically offer 4-5x your annual contract income. Use this calculation: Day Rate × Days Per Week × 46 Weeks × 4.5. Some specialist contractor mortgage lenders offer up to 5.5x for high day rates.
Ans: Yes, if you were doing similar work as an employee previously. Most specialist contractor mortgage lenders approve applications immediately using contract-based underwriting.
Ans: No, contractor mortgage rates are typically the same as standard mortgages. Many specialist contractor mortgage brokers access exclusive rates not available to the public.
Ans: Halifax, Nationwide, Leeds Building Society, Barclays, NatWest, and Skipton all offer contractor mortgages. However, most require applications through specialist contractor mortgage brokers.
Ans: This varies by lender. Halifax requires £312.50/day for non-IT contractors (no minimum for IT). Nationwide and other contractor mortgage lenders have no minimum day rate requirements.
Ans: Yes, many contractor mortgage lenders offer 95% LTV mortgages to contractors, same as employed applicants. Some contractor mortgages are available with as little as 5% deposit.
