Contractor Mortgages
Securing competitive lending based on your true day-rate income, without the corporate hurdles.
‘It is increasingly common for professionals in sectors such as IT, law and financial services to be employed on fixed-term or rolling contracts, with income based on a day rate or hourly rate.
Mortgage lenders assess contract-based income in different ways, so it is important that your employment arrangements and income are clearly understood before an application is submitted. Taking this into account at an early stage can help identify lenders whose criteria may be suitable for your circumstances.
Day-Rate Multiplier Calculation
If you are paid on a day-rate contract, there may be mortgage options available from lenders who take different approaches to assessing income.
Low-History & First-Contract Approvals
While some traditional banks will ask for three years of full trading accounts, we work with lenders who are more flexible depending on your circumstances and the lender’s criteria.
Document Verification
We help clients gather and organise the documentation required to support their mortgage application, including contract history, bank statements, and details of business structures where relevant. By reviewing the information provided and considering lender requirements, we help to hopefully ensure that applications are submitted as accurately and efficiently as possible.
Lending requirements vary between providers. While some lenders may require a longer track record of income, others may consider applications based on current contract documentation and other supporting information.
Our advisers will assess your circumstances, explain the documentation that may be required and help identify lenders whose criteria are aligned with your employment status before making a mortgage recommendation.
LENDERS WORKED WITH
150+
CLIENT SATISFACTION
98%
YEARS EXPERIENCE
16+
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable in any other country that may have access to it.
TSK Mortgages Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.