Contractor Mortgages Based On Your Day Rate

Get a bigger mortgage without the hassle of producing accounts, even if you’ve only just started contracting

No Accounts
Free Will With Every Mortgage
Inside or Outside IR35 Accepted

Getting a mortgage when you’re a contractor on an hourly or daily rate isn’t as easy as you might think. A lot of banks will restrict how much you can borrow or refuse to give you a mortgage altogether – just because you’re a contractor.

And, if you’re like most contractors we speak to, you’re probably thinking this is both illogical and unfair. 

After all, the permanent staff who work alongside you probably earn a lot less than you do as a contractor. And many of them will only be on a one month notice period, the same as you. But for some reason, those permanent staff are able to get mortgages with no bother at all.

This is because most banks have a very narrow view of things. And they don’t see a contractor as a high-earner with a six-figure salary. They see you as a risky borrower on a low income who could be out of a job at any moment.

That’s because your income is likely to be made up of a combination of salary and dividends. And whilst that means you get to earn more money and it’s very tax-efficient, it’s not compatible with how most lenders look at things.

Fortunately, there is a solution.

At GB Financial, we specialise in helping contractors like you to get the same access to mortgages as permanent staff have. We’ve formed relationships with a range of alternative mortgage lenders who actually like lending money to contractors.  

This means that we can typically take your day rate, multiply it by five days a week and by 46 weeks a year, and then get you a mortgage of up to 4.75 times that annualised amount. And we can do this even if you’ve only just started a new contract and regardless of whether you’re inside or outside IR35.

So you’ll get to borrow more whilst still enjoying the tax benefits of a low salary coupled with dividends. 

Plus, the lenders we work with won’t ask to see company accounts. This saves you paying extra fees to your accountant and means we can get you a mortgage even if you’re on day one of your very first contract!

And, as an added bonus, we offer a free will (worth £150) with every mortgage.

To request a free consultation and find out which mortgage offers you qualify for, fill in our one-minute enquiry form or call us on 01236 439 518.

Find Your Perfect Mortgage!

Fill in your details below and a member of our specialist contractor mortgages team will contact you to discuss the options available to you and help you choose the best deal.

Why Choose Us?

Because we specialise in mortgages for contractors, we can offer you all sorts of benefits you won’t find elsewhere.

Get a Larger Mortgage

Instead of using the net profit figure from your company accounts, we can get you a mortgage based on your gross contract rate.

In other words, we can take your day rate, multiply it by five days and then by 46 weeks, and present that to a lender as your “annual salary”. The lenders we work with will then look to lend you up to 4.75 this amount, just like they would if you were a permanent employee.

And because we can arrange contractor mortgages of up to 95%, you won’t need a huge deposit if you’re a first-time buyer.

Fast Decisions

No-one wants to lose out on getting their dream home because they can’t prove they’ve got the funds in place to buy it. Which is why we’ve put so much effort into developing systems that allow us to get you mortgage decisions for contractors in record time.

Our efficient processes and in-depth knowledge of the contractor mortgage market mean that, once you’ve given us the basic information we need, we can get you a decision in principle from a lender within 24 hours (and often on the same day). 


A lot of mortgage brokers will charge you a fee just for submitting your mortgage application, regardless of whether the application is successful or not.

Here at GB Financial we have a no-offer-no-fee guarantee. So if we can’t get you the mortgage you need you don’t have to pay us a penny. And, if we are successful, our flat fee of just £395 is one of the lowest around and comes with a free will to make sure your property ends up in the right hands in the event of your death.

Save Time and Hassle

The contractor-friendly lenders we work with won’t ask for reams of paperwork. In most cases, there’s no need for you to endure the hassle of dealing with your accountant or HMRC to obtain company accounts or SA302 statements – just your contract, proof of ID, and a few bank statements are all we need.

And because we’ve been working with contractors since 2015 we won’t waste your time by asking lots of stupid questions about how you’re paid or approaching lenders who are not interested in helping contractors.


How it Works

01 Get In Touch

Complete the enquiry form and one of our expert advisers will call you back.

02 We'll Find Your Perfect Mortgage

After we’ve spoken and taken a few details, we’ll start searching through 1000s of mortgages to find the one that’s just right for you.

03 We’ll Handle Everything

We’ll do all the hard work to submit your mortgage application and make sure it gets processed quickly.

04 ... Until your Mortgage is Approved!

We’ll increase your chances of being accepted for the mortgage you need and guide you every step of the way.

Contractor Mortgages Based On Your Day Rate

No Accounts Needed
Free Will With Every Mortgage
Inside or Outside IR35 Accepted

Find Your 

Perfect Mortgage!

Fill in your details below and a member of our specialist contractor mortgages team will contact you to discuss the options available to you and help you choose the best deal.

GB Financial Services Limited Registered Office Address: 9 Picton Grove, Airdrie, ML6 7LH Company Registration Number: 554846 GB Financial Services Limited is an Appointed Representative of Primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.

The Financial Conduct Authority does not regulate some forms of Buy to Let. The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

We will charge a fee of between £0 and £995. The amount we will charge is dependent on the amount of research and administration that is required. This fee is payable on receipt of a mortgage offer.


Please take a moment to read our Privacy Policy