If you’re self-employed or working on contracts, getting a mortgage can feel like stepping into a maze. Many high street lenders are still geared toward traditional PAYE employees, which means contractors often hit roadblocks when applying directly.
A contractor mortgage broker bridges this gap. At Mortgage Knight, we specialise in helping contractors, freelancers, locums, and consultants secure mortgages with mainstream banks and specialist lenders. We know which lenders accept day one contractors, which require a 12–24 month track record, and how your income should be packaged for maximum approval.
James had only been contracting for 8 months when he tried to get a mortgage directly with a high street bank. He was told he needed 2 years of accounts.
Solution: Mortgage Knight matched him with a lender who assessed his day rate. His borrowing capacity jumped, and he secured a 90% LTV mortgage on his first home.
Amrita was paid weekly through an umbrella company, which made her payslips look lower than her true income.
Solution: We packaged her case correctly, deducting statutory employer costs, and matched her with a lender that understood umbrella income. She was approved within 2 weeks.
Both engineers, Sophie and Mark had irregular income and had been rejected elsewhere.
Solution: We combined their contract histories and presented a strong joint application. A lender accepted them at 95% LTV, allowing them to buy their first home.
Yes. Many lenders now offer mainstream rates to contractors if your income is packaged correctly.
Not always. Some lenders accept 12 months — and a few will even approve day one contractors.
This depends on your day rate or income model. A broker can calculate your maximum borrowing across multiple lenders.
Yes — there are lenders who specifically accept these setups.
You might end up declined unnecessarily. A broker knows which lenders to approach first, saving time and improving approval odds.
