Can I get a mortgage if I am a Self Employed Contractor?

We've helped plenty of IT contractors get mortgages already and have an experienced team ready to help you, too. There are a few points to consider before filling out an online application on our website: 

12 months of work history

Ideally, your broker would need to supply proof of 12 months of contracting to the recommended lender. Typically, in addition to your income documents, we'll need to provide a copy of your contract, signed by both parties.

We will also need a copy of at least one years tax returns.

Normally self employed individuals would need 2 to 3 years tax returns. So compared to self-employed applicants in general, this is particularly beneficial when it comes to working as an IT contractor, as it might mean an easier route to mortgage.

Umbrella company sometimes makes things easier

You may already have organised your work and income flow through an umbrella company organised by your accountant. An umbrella company is a common structure used by some accountants to manage tax affairs of self employed contractors and is acceptable to mortgage lenders. 

You should have at least 6 months remaining on a contract

6 months left (or more) would be ideal to make sure we are able to choose from the widest possible range of mortgage providers.

If you have any further questions, don't hesitate to get in touch. You can Apply Now on our website to schedule a free mortgage review to see where you stand.

If you're ready to speak to our experts, just Apply Online Here to fill out an application and we'll take it from there.