Mortgages for contractors, based on your day rate
If you work on contracts, your real earning power is your day rate - not the small salary you pay yourself. We work with lenders who see it that way too.
Important: Your home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Your day rate is the number that matters
High street lenders often struggle with contractors. They see a modest director's salary, retained profits sitting in a limited company, or gaps between contracts, and the computer says no. Contractor-specialist lenders look at it completely differently: they annualise your day rate and treat it like a salary.
Whether you operate through a limited company, an umbrella, or you're inside IR35, there's usually a route. We'll assess your contract, tell you what you can realistically borrow, and place the application with a lender whose criteria were built for people like you.
Contractor mortgage advice that fits how you work
Day-rate assessment
Lenders who annualise your day rate - often 46-48 weeks a year - instead of relying on salary and dividends.
Limited company contractors
Retained profits needn't hold you back - the right lenders look at what your contract earns, not what you draw.
Inside & outside IR35
Umbrella, limited company or deemed employed - we know which lenders are comfortable with each structure.
Contract gaps & renewals
Short gaps between contracts are normal. We present your work history so lenders see continuity, not risk.
Borrowing you can trust
We calculate affordability the way the lender will, so you can house-hunt with a figure that stands up.
Protection for contractors
No employer sick pay or death-in-service benefit - we'll talk you through income protection and life cover options.
More on self-employed
Find out what your day rate could borrow
Book a free consultation, share your day rate and contract details, and we'll show you the realistic options.
Or visit our contact pageWhat our contractor customers say
"As a contractor I'd been turned down before. They knew exactly which lenders to approach and we completed in weeks."
"Silver Oak made our first mortgage feel completely manageable. Every step was explained clearly and we never felt rushed."
"Genuinely calm, professional advice. They saved us a real amount each month and the process was effortless."