Contracting through your own company
Your contract, day rate, company structure and available income evidence can all affect which lender routes are worth considering.
Compare contractor mortgage options from more than 100 UK lenders. Whether you work through a limited company, umbrella company, fixed-term contract or on a day-rate basis, the initial check takes around 60 seconds and will not affect your credit score.
Different lenders assess contract income in different ways. Tell us how you are paid, how long you have been contracting and what you want to achieve, and our advisers can review the routes that may fit your circumstances.
Contractors can be paid in very different ways, and lenders do not all assess that income using the same method. The form above starts by identifying your contracting structure and history so the adviser has useful information from the first conversation.
Your contract, day rate, company structure and available income evidence can all affect which lender routes are worth considering.
Umbrella income can look different from a permanent salary, so lender criteria and the evidence used to support earnings can matter.
Some contractor applications may be assessed differently from a standard employed or traditional self-employed case, depending on lender criteria.
A fixed end date or temporary contract does not automatically prevent a mortgage, but contract history and continuity can influence lender choice.
Contractor criteria are not identical across the market. Rather than starting only with the headline rate, the useful first question is how a lender will interpret your contract type, history and income.
Limited company, umbrella, PAYE, sole trader and CIS arrangements can require different evidence and lender criteria.
How long you have been contracting, your current contract and continuity between contracts can all affect the lender pool.
The figure a lender uses for affordability may not be identical to the salary-style number you would expect from a permanent PAYE role.
The form captures your contracting structure, history and key mortgage figures without making you complete a full fact find.
An adviser considers your contract income and the types of lenders that may assess your circumstances appropriately.
If there is a suitable route, the adviser can explain the next documents, costs and application steps. There is no obligation from the initial check.
Potentially, yes. Your contracting structure, income evidence, contract history, deposit or equity and wider circumstances can all influence which lender routes are appropriate.
Some contractor criteria may take account of contract or day-rate information rather than assessing the case exactly like a traditional self-employed applicant. The method depends on the lender and the evidence available.
A shorter contracting history can reduce the number of suitable lenders, but it does not automatically mean you need to wait. Previous experience, the current contract and the rest of the application can all be relevant.
Potentially. Where you contract through a personal service company, the adviser can review the company and contract structure alongside the income evidence available before identifying relevant lender criteria.
Umbrella company contractors can still have mortgage options. The way the income is evidenced and treated can differ between lenders, which is why the contracting arrangement is captured at the start of the form.
No. The initial eligibility questions do not themselves run a lender credit search. A credit search would only form part of a later application process where applicable.
Start with a few quick questions above. We will capture how you are paid, how long you have been contracting and whether you are buying or remortgaging, then route the enquiry with the relevant mortgage details.
Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage availability and the amount you can borrow are subject to individual circumstances, affordability, lender criteria and underwriting.