Contractor Mortgage Specialist. Your Day Rate Is Your Real Income.
IR35 inside, outside, umbrella, or limited company — it doesn't matter. We assess you on what you actually earn, not what a payslip says.
If you work outside IR35, lenders often need help understanding your income — we specialise in mortgages for outside-IR35 contractors.
Outside IR35 Mortgage
If you operate outside IR35, specialist lenders can assess your mortgage based on your contract day rate — not your umbrella payslip. We work exclusively with lenders who understand outside-IR35 contracting: your income is annualised using day rate × 5 days × 46 weeks, unlocking significantly higher borrowing than high street banks will offer on the same earnings.
The High Street Doesn't Speak Contractor
You're not unemployed. You're not risky. You're a specialist who gets paid a premium. But the system wasn't built for you.
Umbrella Payslip ≠ Your Actual Income
Your umbrella PAYE slip shows £30k. Your contract is worth £115k. The bank sees the payslip. We see the contract.
Inside IR35? Instant Decline.
Many high street lenders won't touch inside-IR35 contractors. They treat you like an employee but without the payslip to match. It's a gap no one designed for.
Less Than 12 Months Left on Contract
Banks want long contracts. Contractors get rolling 3-6 month renewals. We work with lenders who understand that's how contracting works.
Gaps Between Contracts
A 4-week gap? Banks call it unemployment. We call it Tuesday. Specialist lenders assess your track record, not your diary.
What Your Day Rate Actually Means
Illustrative formula used by many specialist lenders: Day Rate × 5 days × 46 weeks = Annualised Income. Then × 4.5 = Maximum Borrowing. Individual lenders vary.
| Day Rate | Annualised Income | Illustrative Max Borrowing (4.5×) |
|---|---|---|
| £300/day | £69,000 | £310,500 |
| £400/day | £92,000 | £414,000 |
| £500/day | £115,000 | £517,500 |
| £600/day | £138,000 | £621,000 |
| £700/day | £161,000 | £724,500 |
These figures are illustrative only. Actual borrowing depends on the lender, your deposit, credit history, and full financial circumstances. A mortgage is not guaranteed.
IT Contractor. Inside IR35. Declined by NatWest. Approved at £517k.
Our client — a senior DevOps contractor in Manchester — earned £500/day through an umbrella company. Inside IR35. NatWest assessed his umbrella PAYE payslip at £32,000 and offered a £144,000 mortgage. He needed £480,000.
We approached a specialist lender who assessed his contract day rate at £500 × 5 × 46 = £115,000 annualised income. At 4.5×, he was approved for £517,500 — enough to buy a 4-bed detached in South Manchester with a 15% deposit.
How It Works
Three steps. No portals. No algorithms.
Send us your contract
Current contract, day rate, and a brief history of your contracting career. That's all we need to get started.
We calculate your real borrowing power
Day rate × 5 × 46 weeks = your annualised income. We match this to the best lender on our panel — not the most convenient one.
Application submitted to a decision-maker
No portals, no algorithms. Your case goes to a human underwriter at a lender who specialises in contractor income.
Why Contractors Choose Us
FCA Regulated Advice
Regulated mortgage advice is provided through Marklay Mortgages Ltd, an FCA authorised firm.
90+ Specialist Lenders
Including lenders who specialise exclusively in contractor income — IR35 inside and outside.
No Upfront Fees
We don't charge until your mortgage completes. If we can't get you approved, you pay nothing.
Frequently Asked Questions
Answers specific to UK contractor mortgage applicants.
Further Reading
Complex Income Mortgage Advisor: Best Options for Every Non-Standard Income Type
Day rate income is one type of complex income. Read our full guide to every complex income category — contractors, directors, sole traders, and multi-source earners.
Stop Being Assessed on a Payslip You Don't Recognise
Your contract is worth six figures. Let's get a mortgage that reflects that.