Unlock Flexible Contractor Mortgages with Quantum Mortgages
Quantum Mortgages takes a modern, flexible approach to lending — ideal for contractors and self-employed professionals seeking tailored mortgage solutions that reflect real income, not traditional payslips.
We work with more than 120 mortgage lenders, including:
Curious About How Much You Can Borrow?
Find out in seconds! Use our quick and easy mortgage calculators to see how much you could borrow based on your day rate. Keep in mind, this is just an estimate – for a free, personalised recommendation, contact us today!
We partner with leading banks and specialist underwriters like Quantum Mortgages to simplify the complex process of affordability assessments based solely on your contract earnings.
In today’s uncertain housing market, understanding how much you can borrow is essential. As an experienced contractor mortgage broker in Watford, we offer expert guidance to help you secure the best possible deal — whether you’re a first-time buyer, planning to remortgage, or looking for a buy-to-let property.
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Essential Checklist for Securing a Quantum Mortgages Contractor Mortgage
If Quantum seems like the right fit, Contractor Mortgage Solutions can guide you through every step of the process.
Contract Requirements
Quantum typically requires contractors to have at least 12 months of contracting experience and a minimum of 6 months remaining on their current contract. In cases where the contract is near expiry, evidence of renewal or continuity is required.
Income and Affordability
Quantum bases affordability on your contract day rate, using a 46-week calculation model to reflect realistic annual earnings. Minimum annual income usually starts from £50,000, though this can vary based on property type and deposit size.
Documentation for Limited Company Contractors
Limited company contractors must submit their latest 3 months of business bank statements, a copy of their current contract, and proof of company registration.
Documentation For Umbrella Contractors
Umbrella contractors are required to provide 3 recent payslips, the latest personal bank statement, and their current contract.
Deposit and LTV Requirements
Quantum typically requires at least a 10–15% deposit. A stronger profile or larger deposit can help secure better rates and higher loan-to-value options.
Credit and Employment Gaps
Quantum’s underwriting approach is flexible but professional. They will review your credit history for missed payments and evaluate any employment gaps case-by-case. Typically, a short break between contracts doesn’t affect your eligibility if you can demonstrate consistent work history.
By meeting these requirements, you’ll position yourself strongly for approval — with Contractor Mortgage Solutions ensuring your application is fully optimised before submission.
Compare & Find the Right Mortgage for You
Don’t settle for less — explore, compare, and secure the best mortgage deal tailored to your contractor lifestyle.
Mortgage Comparison
Find the Right Mortgage in Minutes
Navigating through multiple mortgage options can be complex, but our comparison tool simplifies the process. Instantly explore Quantum’s mortgage offerings alongside other top UK lenders to see how their rates, terms, and flexibility compare. Whether you’re seeking a buy-to-let, remortgage, or residential mortgage, our tool helps you make informed decisions based on your goals and financial profile.
Mortgage Quote
Personalized Mortgage Quote, Instantly
Discover how much you can borrow with a quick, no-obligation quote tailored to your day rate and income. At Contractor Mortgage Solutions, we specialise in contractor affordability assessments — ensuring you access the most competitive rates available through Quantum and other trusted lenders.
Get a personalised quote in minutes, with no impact on your credit score, and take your next step toward homeownership confidently.
Partnering with Quantum Mortgages for Seamless Contractor Mortgages
Our partnership with Quantum Mortgages allows us to streamline your mortgage journey from start to finish. It begins with a comprehensive review of your financial position, including contract details, proof of income, and identification documents. Once your documents are verified, we submit your application directly to Quantum’s underwriting team for prompt review.
Thanks to our close relationship with Quantum, most of our clients receive a Mortgage in Principle (MIP) within 24 to 48 hours. From there, the full application process typically takes between 2 to 4 weeks — ensuring a fast, transparent, and stress-free experience.
With our expertise and Quantum’s contractor-friendly policies, you can secure a mortgage that fits your financial goals with ease and confidence.
FAQ’S
How does Quantum Mortgages calculate contractor income?
Quantum calculates contractor income based on your day rate, multiplied by 5 days a week and 46 working weeks a year. This approach provides a fair representation of your annual earnings without relying on payslips or company accounts.
Does Quantum Mortgages lend to contractors with limited credit history?
Yes. Quantum takes a practical approach to credit scoring, considering your current financial position and contract stability rather than relying solely on past credit records. Minor issues or short credit histories typically don’t affect eligibility.
Can I apply with less than 12 months of contracting experience?
While Quantum prefers at least 12 months of contracting experience, they may consider applicants with less if they have a strong professional background in the same field or an ongoing employment history.
Does Quantum Mortgages offer buy-to-let products for contractors?
Yes. Quantum provides a range of buy-to-let products suitable for contractors and portfolio landlords. They assess rental coverage and contractor income to determine affordability, making them ideal for investors.
How fast can Quantum Mortgages approve an application?
With a complete application and all required documents, approval can take as little as two weeks. Thanks to our close coordination with Quantum’s underwriters, most clients receive a Mortgage in Principle within 24 hours.
What sets Quantum Mortgages apart from other lenders?
Quantum stands out for its flexible, contractor-focused underwriting and inclusive lending policies. They assess applicants based on real income, not traditional employment metrics, offering a more realistic path to homeownership for modern professionals.