Find out how much you can borrow through our contractor mortgage calculator.
We can help you secure best mortgage deals with most competitive interest rates, right up to 90% to 95% LTV (Loan To Value). You can borrow up to 5x times of your contract rate.
Contractor Mortgages are based on a multiple of your day rate. Your contract day rate is multiplied by the number of days you work in a week multiplied by 48 weeks. Multiply this with 4.5 to find out how much you can borrow approximately.
For example, if your daily contract rate is £500, your gross annual earnings would be £120,000. Multiply this by 4.5, and this would enable you to borrow approximately £540,000.
Please note this is a guide and does not guarantee eligibility for a mortgage. Please contact us for a personalised Key Facts Illustration.
We’ve negotiated some exclusive and unique mortgage deals for Contractors.
Simply fill in the details in our contractor mortgage calculator and check how much you can borrow, with instant results. With results, you’ll also get a FREE consultation (no cost, no obligation) through email and phone.
If you have any queries with regards to contractor mortgages, please refer to our mortgage guide.
You can also email us on email@example.com