2026/27Contractor Specialist
Contractor Mortgage Calculator
Calculate how much you could borrow based on your day rate using contractor-friendly mortgage calculations.
Your Details
Annualised Contract Income
Based on your day rate × 5 days × 48 weeks
£120,000
This is how contractor-friendly lenders calculate your income
Standard Lender
4.5× income multiple
Max Borrowing
£540,000
Property Value
£635,294
Deposit Needed
£95,294
Monthly Payment
£3,001
Specialist Lender
5× income multiple
Max Borrowing
£600,000
Property Value
£705,882
Deposit Needed
£105,882
Monthly Payment
£3,335
Enhanced Terms
5.5× income multiple
Max Borrowing
£660,000
Property Value
£776,471
Deposit Needed
£116,471
Monthly Payment
£3,668
Contractor Mortgage Tips
- Contract length matters - Most lenders want at least 6-12 months remaining on your contract
- Track record helps - 2+ years contracting history opens more options
- Day rate calculation - Lenders typically use day rate × 5 days × 48 weeks
- IR35 status - Outside IR35 contractors often get better terms
- Specialist brokers - Work with brokers who understand contractor income