Cashback Remortgages · Eligibility
Contractor Mortgages Explained
Contractors — including day-rate professionals — can access mortgages, and some lenders assess income from the contract rate rather than accounts.
How lenders assess contractors
Some lenders use a day-rate calculation (for example day rate times worked days per week times weeks) rather than requiring years of accounts, which can suit contractors well. Others treat contractors as self-employed.
A record of contract renewals supports the application.
What helps
Provide your current contract, a CV showing continuity, and bank statements. Advice matters because contractor-friendly criteria vary widely.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.