Top Contractor Mortgages Advice & Quotation

Contractor Mortgages

If you are looking for the best contractor mortgage deals in the UK, you have come to the right place. Getting the right contractor mortgage, and one that matches your mortgage requirements is not an easy task. Not to worry, we have a team of some of the best and award-winning contractor mortgage brokers in the UK.

Our team of specialist mortgage advisers have years’ of contractor mortgages experience and they specialise in providing financial advice to contractors and self-employed individuals. We specialise in arranging mortgages for contractors who find it difficult to fit the lenders' standard criteria – in-particular this applies to contractors & self-employed individuals.

Our team has designed a range of mortgage services and expertise specifically for contractors, umbrella company workers and self-employed individuals. Our mortgage brokers are FCA accredited. Contact our team today if you need any help with your mortgage application.

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Mortgage Calculator | Mortgage Types | Mortgage Quote | Mortgage Brokers | Mortgage Lenders | Documents required | Contractor Mortgage: How much can I borrow? | Mortgage FAQs

Always make sure that you only work with qualified contractor mortgage brokers to ensure that your mortgage application is smooth and hassle free. We are specialists when it comes to contractor mortgages and we can help contractors who trade through:


Mortgages for Contractors


Mortgage Types


Other products


For a quick calculation on how much you can borrow, please use our contractor mortgage calculator. We'll help you get mortgage offers based on your contract rate. We work with both, limited company contractors and umbrella company employees.

Contractor Mortgage Calculator
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We can help you secure a contractor mortgage from specialist and best contractor mortgages lenders.

For a detailed quote and for a free initial consultation, simply fill in your details into the form below and one of our contractor mortgage specialist will get in touch with you.

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Who are the best contractor mortgage lenders?


Not only will we help you secure contractor mortgages from the best mortgage lenders, but also at best contractor mortgage rates with minimum documentation.

When and how to start the mortgage application process?

You can consider starting your mortgage application process once all the below mentioned criteria matches.


How much can you borrow as a Contractor?

Mortgage lenders can lend up to 4 to 5 times of your annual income. A simple formula to calculate how much you can borrow is: multiply your current day rate by the number of working days. Multiply the answer you get by 48 weeks and then multiply the total by 5. This will give you an idea about how much you can borrow.

What are the documents required to secure a contractor mortgage?


Below is a list of our Contractor Mortgages brokers that can help Contractors secure a mortgage:

Mortgage Broker Services Offered Company Profile
Mortgage Advance Centre
Mortgage Advance Centre
Mortgage Advance Centre are experienced Mortgage Advisers who specialise in helping contractors all
over the UK secure mortgages.
They have 15 years of experience working with Contractors
View Profile

There are also other mortgage brokers in the UK who specialises in contractor mortgages. Below is a list of such mortgage brokers. We can't comment on their services since we haven't worked with them. We would suggest you do the due diligence before appointing them.

Important note: Below list of brokers is strictly for information purposes.

Other Mortgage Brokers Services Offered
CMME Logo
CMME
CMME is a trading name of CMME Mortgages and Protection Limited
CMME is a specialist mortgage brokerage offering expert advice and bespoke mortgages
Specialist Mortgage Broker for Independent Professionals
Freelancer Financials Logo
Freelancer Financials
Their specialty is securing mortgages for contractors and freelancers based on contract earnings alone
Since 2004, we've helped tens of thousands of contractors buy homes or investment properties
Specialist Contractor Mortgage Broker
Professional Contractor Mortgages Logo
Professional Contractor Mortgages
Specialists in Contractor Mortgages
They have cost-effective and suitables solutions specifically for Contractors
Mortgage application with minimum documentation

Legal Disclaimer: The list of mortgage brokers that you would have seen above are not our clients/associates/partners. We are not recommending them. It's just a list that our team has prepared so that Contractors can get all the mortgage related information on one page. We request our site users to do a thorough due diligence before appointing any of them. ITContractorsUK cannot be held for responsible for any issues.

High street lenders criteria for mortgage lending is quite rigid and have a one size fits all mindset. This does not help contractors who are trying to secure a mortgage. With us, everything will be taken into consideration and based on that we'll help you calculate how much you can borrow.

We are aware of the difficulties faced when dealing directly with financial institutions and specialise in helping flexible workers to obtain mortgages at the time they need them. Our team has built up relationships with many Banks and Building Societies who now appreciate the unique employment status of contractors.

A mortgage broker has access to the whole of the market and specialist lenders including mortgage rates that are not available direct – that’s why competitive mortgage deals can be identified. Mortgages that are designed specifically for Contractors can be found, so you may not be required to supply any accounting records.

A personal Mortgage Advisor and Case Handler will be assigned to manage your application through to completion and liaise with lenders, estate agents and solicitors on your behalf to save you valuable time. Establishing a long-term relationship with you will ensure sure all your mortgage requirements are fulfilled on an on-going basis.

Contractor Mortgage FAQs

What is a contractor mortgage?

A contractor mortgage is a type of mortgage that is designed specifically for contractors. For those who don't have permanent employment. The mortgage amount you can borrow is assessed on your annualised contract value.

Do all lenders offer contractor mortgages?

Not all lenders are able to assess your income in this way but there are many which can. The Advisers at Mortgage Advance Centre have a combined 15 years’ experience obtaining mortgages for contractors and have been personally involved in helping mortgage lenders better understand contractors and shape their criteria accordingly.

Will lenders put me on a higher rate because I am a contractor?

While it is true that not all lenders are able to lend to contractors, the lenders who do lend will never penalise you on rates due to your employment status.

Do I require a larger deposit as a contractor?

Not necessarily. As long as you meet lenders’ credit score requirements for higher loan-to-value products, there is no reason why being a contractor would impact the level of deposit required.

How long do I need to have been contracting to apply for a mortgage?

This varies by lender. Some need you to have been contracting for a minimum of 12 months but there are others who will consider “day one” contractors, particularly if they have a strong employment track record.

Do I need 2 years’ accounts to get a mortgage as a contractor?

Absolutely not. This is a common misconception, but a good contract is enough to demonstrate your earning potential.

As a contractor, am I labelled high risk by mortgage lenders?

Maybe 10 years ago but these days, lenders understand that more and more people do not have a linear employment structure.

Does it matter if I am inside or outside IR35?

Not really. There are a few subtle differences in how your income is calculated but regardless of your IR35 status, your contract is the main vehicle to obtaining a mortgage.

How many payslips do I need to show if I work through an umbrella company?

Again, this differs by lender. We ask for 3 months’ payslips as a rule but this is not set in stone. There are some lenders who do not even need to see payslips as part of the application process and will only ask for your contract and bank statements.

Can I still obtain a mortgage if I have only recently gone inside / outside IR35?

Absolutely. This may look like a mess in terms of trying to prove your income but just speak to Mortgage Advance Centre and let us do the work.


For all your mortgage requirements, please write to us at [email protected] and we will be happy to assit you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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