Need a contractor remortgage? Our specialist UK contractor remortgage brokers have 20+ years of experience helping contractors release equity and secure better rates based on current day rates and property values.
Most UK contractors see substantial day rate increases over time. Contractor remortgage specialists allow you to borrow against your current earning capacity, not historic rates from your original mortgage.
Many contractors’ original mortgages used traditional income assessment. Contract-based underwriting for contractor remortgages often reveals dramatically higher borrowing capacity than original applications.
UK property value increases combined with improved contractor day rates often allow significant equity release for home improvements, investments, or other wealth-building opportunities.
Specialist UK contractor remortgage lenders compete aggressively for established contractor remortgage business, often offering preferential rates and enhanced terms for existing contractors.
Contractor Remortgage Advantage: Excellent rates for existing contractors with good payment history Assessment Method: Current contract rate assessment, ignores the original application method Market Position: UK's largest contractor remortgage lender with established contractor preference Speed: Fast-track contractor remortgage processing for established contractors
Remortgage Approach: Full product range available for contractor remortgage applications Flexibility: Up to 12 weeks contract gaps still acceptable for remortgage applications Innovation: Offset contractor remortgages particularly attractive for established contractors Rate Matching: Will often match or beat competitor contractor remortgage rates
High-Value Focus: Higher-value contractor remortgages with enhanced terms Product Innovation: Offset and interest-only contractor remortgages available Assessment: Individual merit-based contractor remortgage evaluation Flexibility: Flexible contractor remortgage products are often unavailable elsewhere
Premier Services: Enhanced contractor remortgage services for high-earning contractors Assessment: Contract-based underwriting for contractor remortgage applications Portfolio Approach: Sophisticated contractor remortgage solutions for substantial investments Relationship Banking: Dedicated relationship managers for significant contractor remortgage accounts
Remortgage Focus: Dedicated contractor remortgage teams with specialist expertise Assessment: Manual underwriting for complex contractor remortgage situations Innovation: Flexible contractor remortgage products launched for equity release Support: Comprehensive contractor remortgage guidance and market expertise
Optimal Timing: 6 months before current deal expires
Advantage: Avoid reverting to higher standard variable rates
Assessment: Current day rate likely higher than original application
Benefit: Better rates + increased borrowing capacity
Trigger: 20%+ day rate increase since original mortgage
Opportunity: Substantially higher borrowing capacity available
Consideration: Break costs vs. benefits of immediate remortgage
Strategy: Often worthwhile despite early repayment charges
Market Conditions: Property values increased significantly
Opportunity: Improved loan-to-value ratios unlock better rates
Combined Benefit: Property gains + day rate increases
Timing: Regular property valuation monitoring advisable
Scenario: Moved from employed to contracting
Opportunity: Switch from traditional to contract-based assessment
Benefit: Often dramatic borrowing capacity increase
Timing: Can remortgage immediately after establishing contract history
Client: Mark, Senior Java Developer
Original (2019): £350,000 mortgage on £500/day rate
Current (2025): £850/day rate, property worth £480,000
Remortgage Assessment: £850 × 5 × 46 = £195,500 annual income
New Borrowing: £878,750 maximum capacity
Halifax Result: Released £350,000 equity for buy-to-let investment
Rate Improvement: 0.4% better than the original mortgage
Client: Sarah, Business Analyst
Original (2021): £220,000 mortgage based on £48,000 employed salary
Current: £600/day contractor for 18 months
Contract Income: £600 × 5 × 46 = £138,000 annual
Nationwide Assessment: £621,000 borrowing capacity
Result: Released £280,000 for home extension and investment portfolio
Benefit: Better rate + massive equity release
Client: Tom, DevOps Consultant
Original (2020): £280,000 mortgage, property now worth £420,000
Rate Progression: £450/day to £750/day over 5 years
New Assessment: £750 × 5 × 46 = £172,500 annual income
Leeds BS Result: £750,000 borrowing capacity
Usage: £200,000 equity release for second property deposit
Additional: 0.6% rate reduction saving £125/month
Purpose: Better interest rate on existing borrowing Benefit: Lower monthly payments or shorter mortgage term Best For: Contractors happy with current borrowing level Advantage: Often exclusive contractor rates available
Purpose: Release cash based on property value increase and/or day rate progression Uses: Home improvements, investments, business opportunities Assessment: Current day rate allows significantly higher borrowing Benefit: Access property and earning capacity growth
Purpose: Consolidate other borrowing into mortgage at lower rates Advantage: Contractor borrowing capacity often allows full consolidation Benefit: Single payment at mortgage rates rather than higher personal loan rates Assessment: Contract-based underwriting provides capacity for consolidation
Purpose: Release equity for buy-to-let or investment opportunities Strategy: Use property equity and contractor income for wealth building Advantage: High contractor borrowing capacity enables investment strategies Product: Often combined with buy-to-let mortgage applications
Your contracting success has likely created substantial untapped value in your property. Day rate progression combined with property value increases often means dramatically more borrowing capacity than when you first bought.
Don’t leave this value locked away. Contractor remortgaging can fund home improvements, investment opportunities, or simply provide better rates and terms on your existing borrowing.
Your current day rate deserves a mortgage that reflects your true earning capacity.
Review your existing mortgage, current day rate, and property value to identify opportunities.
Calculate increased borrowing capacity based on the current contract rate and property values.
Access remortgage specialists offering the best rates and terms for established contractors.
Compare exclusive remortgage rates across the specialist lender panel.
Streamlined process often completes within 4-6 weeks with minimal hassle.
Ans: Often 50-100%+ more than original mortgage due to day rate progression and contract-based assessment improvements.
Ans: Yes, specialist lenders understand contractor patterns. Gaps rarely affect remortgage applications for established contractors.
Ans: Often yes. Established contractors with good payment history typically access best available rates.
Ans: Usually 4-6 weeks, often faster than original mortgages due to established contractor status.
Ans: Absolutely. Many contractors benefit from moving to lenders who understand contract-based underwriting.
Ans: Remortgaging can still provide benefits through better rates, even if borrowing capacity hasn’t increased.
