CONTRACTOR MORTGAGES
Mortgage Advice For Contractors & Freelance Professionals
Whether you’re an IT contractor, consultant, engineer, interim manager or other contract professional, we’ll help you navigate the mortgage process with advice tailored to the way you earn your income and recommend lenders suited to your circumstances.
Based in Dorset, providing mortgage and protection advice to clients across the UK by telephone, video and face-to-face appointments.
Advising Clients UK-Wide
Telephone, Video & Face-to-Face
OUR MORTGAGE JOURNEY
Helping Contractors Secure The Right Mortgage
We'll take the time to understand how you work, explain your mortgage options clearly and recommend lenders that are suited to contractors and freelance professionals.
Understand your contract income
We'll discuss your contracts, income structure and future plans to build a clear picture of your circumstances.
Research suitable lenders
We'll search our comprehensive lender panel for lenders whose criteria are well suited to contractors and freelance professionals.
Recommend the right mortgage
We'll explain our recommendation clearly, answer your questions and guide you through every stage of the application.
Support through to completion
We'll keep you informed throughout the process and work with your lender and solicitor to help your mortgage complete as smoothly as possible.
CONTRACTOR MORTGAGE OPTIONS
Is A Contractor Mortgage Right For You?
If your income does not fit a standard employed or self-employed profile, it can help to work with an adviser who understands contractor income. We’ll explain how different lenders may assess your circumstances.
01
IT Contractors
Working through your own limited company, agency or directly with clients may require a lender that understands contractor income.
02
Day Rate Contractors
Some lenders may consider your day rate when assessing affordability, subject to your contract, experience and lender criteria.
03
Fixed-Term Contracts
If you work on fixed-term or rolling contracts, we’ll help you understand how lenders may view your income and contract history.
04
Umbrella Company
Contractors paid through umbrella companies may still have mortgage options, depending on income evidence and lender requirements.
05
CIS Contractors
Construction Industry Scheme workers can be assessed differently by lenders, so it helps to understand the options available.
Contractor income does not have to be a barrier
We’ll help you understand how different lenders may assess your income, what evidence may be required and which mortgage options could be suitable for your circumstances.
HOW IT WORKS
How Do Contractor Mortgages Work?
Contractor mortgage applications can be assessed differently depending on how you are paid, the type of contract you hold and the lender’s criteria. We’ll explain the process clearly and help you understand what information may be required.
Review Your Contract
We’ll look at your contract type, day rate, contract length, renewal history and how your income is structured.
Understand Your Income
Different lenders may assess salary, dividends, day rate, payslips or company income depending on your circumstances.
Compare Mortgage Options
We’ll review suitable options from our comprehensive panel of lenders and explain what may fit your situation.
Submit Your Application
Once you’re ready, we’ll help prepare the application and guide you through the process through to completion.
Contract Income
Some lenders may look at your current contract, day rate and contracting history rather than only using traditional employed income.
Affordability
Your affordability may depend on income evidence, deposit, credit profile, commitments and the lender’s assessment method.
Did you know?
Some lenders assess contractor applications differently depending on your experience, contract history and income structure. We’ll help you understand how your circumstances may be viewed before you apply.
KEY CONSIDERATIONS
What Should Contractors Consider Before Applying?
Contractor mortgage applications can depend on more than just your headline income. Lenders may look at your contract history, income structure, deposit, commitments and future work when assessing your application.
Contract History
Your previous and current contracts can help lenders understand your work pattern and income stability.
Typical examples: contract history, renewals, sector experienceTime Remaining
Some lenders may consider how long is left on your current contract and whether future work is already arranged.
Typical examples: contract end date, extensions, upcoming contractsDeposit Position
Your deposit size and overall loan-to-value can affect which mortgage options may be available.
Typical examples: savings, gifted deposit, equity from a saleCredit History
Your credit profile, commitments and financial conduct remain important parts of the lender’s assessment.
Typical examples: credit score, debts, payment historyCompany Structure
Limited company, umbrella, sole trader and CIS arrangements may be assessed differently by lenders.
Typical examples: limited company, umbrella company, CIS, payslipsFuture Contracts
Evidence of future contracts or ongoing work may help provide additional context for some applications.
Typical examples: extensions, pipeline, agency confirmationsPreparation makes the application smoother
We’ll explain what information lenders may require, help you prepare the right evidence and review suitable mortgage options from our comprehensive panel of lenders.
WHY CHOOSE CONRAD FINANCIAL SERVICES
Contractor Mortgage Advice Built Around How You Work
Contractor income can be assessed in different ways depending on your contract, company structure and lender criteria. We’ll help you understand how your income may be viewed and guide you through the mortgage process clearly.
Clear Guidance For Non-Standard Income
From day rates and fixed-term contracts to umbrella arrangements and limited company income, we’ll explain what lenders may need to see before you apply.
Contractor Income Experience
We’ll help you understand how different types of contractor income may be assessed by lenders.
Comprehensive Panel Of Lenders
We’ll review suitable mortgage options from our comprehensive panel of lenders based on your circumstances.
Clear Evidence Guidance
We’ll explain what documents may be needed, from contracts and accounts to payslips or income evidence.
Support Through Completion
We’ll keep the process organised and support you from initial review through to mortgage completion.
Understand your income. Prepare your evidence. Move forward with confidence.
CONTRACTOR MORTGAGE GUIDES
Helpful Guides For Contractor Mortgages
Explore practical guides about contractor income, day rates, employment structures, gaps between contracts and mortgage applications.
View All Contractor Mortgage Guides
Mortgage applications with contract gaps or a new contract
Explore how contract gaps or a newly started contract may affect a mortgage application, including continuity, evidence and lender criteria.
Read Guide
Day rate contractor mortgages: how income may be calculated
Understand how day rate contractor income may be annualised for a mortgage and why working weeks, expenses and lender policies can change the result.
Read GuideCLIENT FEEDBACK
★★★★★
Understanding My Contractor Income Made All The Difference
“As a contractor I wasn’t sure how lenders would look at my income, and I was worried that moving between contracts would make getting a mortgage difficult. Conrad Financial Services took the time to understand how I worked, explained everything clearly and guided me through every step of the application. The whole process felt straightforward and I always knew what was happening. I wouldn’t hesitate to recommend them to other contractors looking for clear, professional mortgage advice.”
IT Contractor, Wimborne
CONTRACTOR MORTGAGE QUESTIONS
Frequently Asked Questions About Contractor Mortgages
Contractor mortgages can feel confusing because lenders may assess income in different ways. Here are some of the questions contractors often ask before applying.
Ask Us About Contractor Mortgages
Whether you’re paid by day rate, through an umbrella company, via your own limited company or under CIS, we’ll explain how lenders may view your income.
Need clarity?
Need Help With Your Mortgage?
Not sure which mortgage option is right for you? Book an initial conversation and we’ll help you understand the next steps.
Can contractors get a mortgage?
How is contractor income assessed?
Can I get a mortgage if I am on a fixed-term contract?
Do I need a minimum contract length remaining?
Can umbrella company contractors get a mortgage?
Can CIS contractors get a mortgage?
How much deposit do contractors need?
What documents will I need for a contractor mortgage?
LET'S START THE CONVERSATION
Ready To Discuss Your Mortgage?
Whether you’re buying your first home, moving house, remortgaging or looking for specialist mortgage advice, send us a few details and we’ll get back to you.
- Comprehensive lender panel mortgage advice
- Telephone, video and face-to-face appointments
- Dorset based, supporting clients across the UK
- Usually respond within one working day
READY TO TAKE THE NEXT STEP?
Let’s Talk About Your Mortgage & Protection Plans.
Whether you’re buying your first home, moving house, remortgaging, self-employed, a company director or looking to protect your family, we’re here to help you make confident decisions.