Contractor Mortgages

Historically, mortgage companies have been reluctant to lend to consultants, surveyors, engineers, business analysts and other contracting professionals, deeming them to be ‘high risk’ due to the nature of their work. Thankfully, the tides are now changing.

More providers are beginning to understand the plight of the independent worker and are ready to open their doors to self-employed applicants. Annualised contract rates are now widely used as a means of assessing mortgage affordability, and this level of standardisation within the mortgage industry has been a lifeline for contractors, who are either looking to buy a property for the first time or remortgage their existing home.

How much can a contractor borrow?

This is the first question we get asked; how much can a contractor borrow based on income. To clarify the situation, there are a number of factors which lenders will take into consideration:

  • Track record
  • Expenses
  • Contract renewals
  • Experience

We know from our own experience that it is vital to approach the right lenders for your specific situation. It is also paramount that your finances are presented in the most advantageous light to secure mortgage finance.

If your income patterns are irregular or you have only been contracting for a short period of time, you may however struggle to find the right deal. But, our team are at hand to help you find a contractor mortgage that offers affordable interest rates and favourable terms, regardless of your working circumstances.

We have access to a broad range of lenders who can offer great deals for contractors in all kinds of professions. What’s more, we also liaise with third parties and complete all paperwork on your behalf, leaving you to carry on with your working day safe in the knowledge that your mortgage or remortgage is well in hand.

More than half of our clients are self-employed, so not only are we up to speed with the latest market trends and offerings but we can work on extremely short timescales.

Contact the contractor mortgage desk for a no obligation chat today.

Ready to discuss your mortgage options?

    Our Mortgage Broker Limited

    Address: Our Mortgage Broker Limited, 23 Berkeley Square, Mayfair, London W1J 6HE

    Our Mortgage Broker Limited is authorised and regulated by the Financial Conduct Authority.

    Our FCA number is 944663 and this can be checked by visiting

    Our Mortgage Broker Limited is registered in England and Wales, registration number 11358646.
    Tel: 0203 971 1234 | |

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