Get a Mortgage That Matches Your Contract Income
At Contractor Mortgage Solutions, we make homeownership simple for contractors. Whether you work through a limited company, umbrella setup, or as a self-employed professional, we’ll secure a mortgage based on your day rate, not your payslips or accounts. With exclusive access to specialist lenders and decades of experience in contractor mortgages, we’ll help you unlock borrowing power that truly reflects your earning potential ,even if you’ve only recently started contracting.
Say Goodbye to Mortgage Hassles – We Handle It All
Knowing how much you can borrow is a crucial step toward achieving homeownership. Our mortgage calculator is specifically designed for contractors, helping you see how your day rate or contract value translates into borrowing power. Whether you’re a first-time buyer, remortgaging, or investing, our tool gives you a clear estimate based on your actual working arrangement.
To get started, you’ll typically need:
- Your latest signed contract
- Corresponding bank statements (if you operate via a limited company, then the latest 3 months’ company statements)
- If working under an umbrella company, your latest 3 months’ payslips
Our calculator is fast, simple, and tailored to your contracting lifestyle. Once you’ve got an estimate, connect with our specialist team for bespoke advice and access to exclusive contractor mortgage rates. Start your homeownership journey today ,with confidence and clarity.
We work with more than 120 mortgage lenders, including:
Why Choose CMS for Your Mortgage as a Contractor?
At Contractor Mortgage Solutions, we specialise exclusively in contractor mortgages ,helping professionals like you secure homes and investments with ease.
Smart Insurance for Contractors ,Stay Protected, Stay Confident
At Contractor Mortgage Solutions, we help contractors protect their income and lifestyle. Explore our insurance solutions designed to keep you and your family secure ,no matter what happens.
Income Protection Insurance
Your income is your most valuable asset. If illness or injury prevents you from working, our income protection plans ensure financial stability, allowing you to focus on recovery while maintaining your mortgage repayments.
Relevant Life Cover for Contractors
As a limited company contractor, relevant life cover can provide tax-efficient life insurance paid through your business ,protecting your family or business without affecting your personal income.
Critical Illness Insurance
Get peace of mind with a lump-sum payout in case of a serious illness diagnosis. These policies can be arranged without medical exams, offering flexibility and quick protection when you need it most.
FAQ’s
Can I get a mortgage if I’ve only recently started contracting?
Yes, absolutely. Many of our lenders are happy to work with new contractors ,even if you’ve only completed one contract ,as long as you have prior experience in your field.
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How do lenders calculate my borrowing power as a contractor?
Most lenders annualise your day rate using the formula Day Rate × 5 × 48 weeks, which can significantly boost your borrowing compared to using self-employed accounts.
Do I need to provide company accounts?
Not always. Many contractor-friendly lenders assess your income purely based on your contract, bypassing the need for full accounts or tax returns.
What if my contracts are short-term or renewed frequently?
We specialise in structuring applications that highlight continuity and demand in your industry, helping lenders view your work as stable and reliable.
Can I get a joint mortgage as a contractor?
Yes. If you’re applying jointly with someone employed full-time, we’ll combine both incomes to maximise your borrowing potential while ensuring the lender recognises your contract structure.
What deposit do I need as a contractor?
Typically, you’ll need at least 5–10%, though having a higher deposit can unlock better rates.
Do lenders offer the same rates to contractors?
Yes. When structured correctly, contractor mortgages can secure the same ,or even better ,rates than standard mortgages.
Can I get a mortgage during a contract gap?
Yes, in many cases. As long as your contract history is consistent and your field shows strong demand, some lenders will accept short gaps.
What type of properties can I buy with a contractor mortgage?
You can buy residential homes, investment properties, or even new builds ,all tailored around your contract income.