Mortgages for contractors
Traditional lenders often overlook total earnings.
With QPS, you can gain access to lenders who consider your complete income, unlocking larger mortgage opportunities.
What makes a specialist contractor mortgage different?
We’ve partnered with Freelancer Financials to make mortgages more accessible for UK contractors.
Freelancer Financials specialises in helping UK contractors find the best mortgage deals without being penalised for their employment status.Â
Founded by former freelancers, Freelancer Financials understand the unique hurdles contractors face, such as irregular income, limited trading history, and non-standard payslips. They secure competitive mortgages based on your contract rate, often with mainstream lenders.
Search contractor mortgages
Contractor mortgages. The benefits in a nutshell:
How much could you borrow?
Contract-based underwriting allows you to access competitive mortgage deals, even from the start of your contracting career. To get an instant estimate of your borrowing potential, just use the calculator below and adjust the slider to reflect your day rate.
Ready to take the next step? You can request a callback using the form below to go over your options and find the best quote for your circumstances.
Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.
Financial advice is given by Freelancer Financials, which is a trading name of Mortgage Quest Ltd and is regulated and authorised by the Financial Conduct Authority (FCA), under firm reference number 312484. Registered office address for Mortgage Quest Ltd is Avondale House, 262 Uxbridge Road, Hatch End, Pinner, Middlesex, HA5 4HS. Registered in England No. 5013239. The FCA does not regulate some investment mortgage contracts.
Contractor mortgage FAQs
How can Freelancer Financials secure a mortgage when I couldn’t?
Mortgage Quest has negotiated custom underwriting criteria with multiple high street lenders who understand how to assess contractors’ income. This means your mortgage is based on your contract rate, not pay slips or tax returns, often leading to more favorable terms than those typically offered to self-employed individuals.
What documentation will I need?
To apply for a mortgage, you’ll need:
- A signed copy of your contract
- Proof of ID
- Your CV
- 3 months’ bank statements
What if I’m new to contracting?
Even if you don’t have two years of accounts or are on your first contract, we can help. Mortgage Quest specialises in assisting contractors with various financial backgrounds, including those with irregular income or short contracting history.
Who do you help secure mortgages?
We assist a wide range of contractors across industries such as IT, engineering, telecom, finance, medicine, education, and more. No matter your profession, we likely have a solution tailored for you.
What makes Freelancer Financials different?
We are FCA-accredited, independent brokers with strong relationships with a variety of lenders. This allows us to offer impartial advice and find competitive mortgage products for contractors, overcoming the biases of traditional lenders.
How long does the process take?
We work proactively to complete most mortgage applications within 3-5 weeks, keeping you updated at every step.
Have questions?
Our friendly team are on hand to provide you with more information about our services, and answer your questions.
