Prepare the file

Contractor mortgage evidence

Contractor income is not one number. Day rate, how you are paid, time left on the contract and gaps between contracts can all matter. Different lenders may assess them differently.

Current day or hourly rateThe contract should show the rate, the client and whether the figure is inside or outside IR35 if that applies.
Contract historyPrevious contracts show whether the current assignment follows a pattern of work.
Time left on the contractA contract that ends soon is a different conversation from one with months left to run.
Gaps between contractsNote the dates and the reason. Do not leave the broker to guess from bank statements alone.
Umbrella, PAYE or limited-company payThe payslip route and the company-director route use different documents.
A short work historySkills and sector continuity help explain why contracts have been renewed.

What this page will not do

An umbrella payslip and a limited-company dividend are not interchangeable evidence.
A day rate is not an annual salary until the working pattern is stated.
Inside-IR35 and outside-IR35 engagements can be documented differently.
It will not name a lender, a product, or an approval chance.

Questions

Will a lender annualise my day rate?: Some may, using their own working-week assumption. Others want a history of contracts. This page does not apply a universal formula.
Does a gap rule me out?: MortgageConnector does not estimate that. Record the gap and ask a broker which lenders will look at the file.
Should I use the company director page as well?: Yes, if you contract through your own company and take salary or dividends. The documents overlap, but the questions are not identical.

MortgageConnector is a mortgage broker introducer and information service. We do not provide regulated mortgage advice. Where appropriate, we can introduce you to an FCA-authorised mortgage broker who can assess your circumstances and provide advice.

The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.

Your home may be repossessed if you do not keep up repayments on your mortgage.

These figures are illustrative.

An FCA-authorised broker can look at the actual income, credit and property. MortgageConnector introduces you. We do not choose the mortgage.

Find a broker experienced with contractors