Calculator For Contractor Mortgages

Contractor Mortgage Calculator

Designed with the modern contractor in mind, our calculator simplifies the mortgage process, offering a tailored insight into your borrowing potential. Whether you’re a seasoned contractor or just starting out, our tool provides a clear and concise estimate, ensuring you’re well-informed every step of the way. Dive in and discover the possibilities with Jones and Young.

As Seen In

feature in bloomberg
feature in yahoo
feature in marketwatch

Jones & Young: The Contractor Mortgage Experts

At Jones and Young, we’ve established ourselves as leaders in the realm of contractor mortgages. With years of experience under our belt, we understand the unique financial landscape that contractors, freelancers, and self-employed professionals navigate. Our expertise is tailored to address the specific needs and challenges of this dynamic community. We can help you connect with a mortgage lender that’s suited to your unique needs.

No financial situation is too complex for our team. Whether you boast a spotless credit history or have faced hurdles with bad credit, as specialist mortgage brokers we’re equipped to find a solution that suits you. Our comprehensive approach ensures that even those who are self-employed, contractors or serve as company directors have access to the best mortgage options and interest rates available.

Our commitment goes beyond just finding you a mortgage; we’re dedicated to securing the best mortgage in the market for our clients. We believe that every contractor deserves a mortgage solution that reflects their hard work and dedication; with Jones and Young by your side, you’re not just another application but a valued client deserving of personalised attention.

Ready to start on your mortgage journey? Our friendly and knowledgeable team is eager to assist, guiding you through every step of the process. With Jones and Young, you’re not just securing a mortgage; you’re investing in a brighter financial future. That’s why we offer a free contractor mortgage calculator so that you can explore the options available. We can even help if you have bad credit, contractor, self-employed or a company director . Simply get in touch with us today, and we’ll help you secure the best contractor mortgage available.

To Get The Best Mortgage Out There, Chat With An Experienced Contractor Mortgage Adviser Now!

As a specialist contractor mortgage broker, the team at Jones & Young see things differently, letting us choose a mortgage that’s right for you. Most lenders don’t offer a different range of options for self employed borrowers, but we have access to a range of specialist mortgage providers to help get the best mortgage deal.

Using our contractor mortgage calculator, why not book a call today to discuss some of the best options?

How Do You Calculate What A Contractor Can Borrow?

The amount self-employed contractors can borrow depends on a few factors:

As mentioned, mortgage lenders will use your gross income (before tax and other deductions) to assess how much you can borrow. This often allows for a larger mortgage than previously possible based on company accounts. The lender will multiply your gross day rate by the days worked per week then multiply that by 46 or 48 weeks depending on the lender. This will normally show a much higher income than your SA302s or company accounts.

As with any type of mortgage, your credit history will significantly impact how much you can borrow. If you have a good credit history, this demonstrates to lenders that you are reliable and likely to meet your repayments. Therefore, you’re more likely to be able to achieve maximum borrowing and a lower rate.

You can get a mortgage with a little as 5% deposit even as a contractor. The size of your deposit will also impact how much you can borrow. If self-employed/contractor applicants put down a larger deposit, they’ll benefit from lower rates, as the lender will consider you more reliable.

This ratio, which compares your overall debt to your income, is used by lenders in their mortgage calculators to determine your ability to manage payments.

Mortgage lenders typically offer 4-5 times your annual income, but it can vary depending on the lender and the individual circumstances. However, this is not set in stone, as the factors above will heavily influence the borrowing amount.

Our Reviews

"Thanks Mark for doing such a great job in getting us our mortgage. It wasn't a straight forward situation and your expertise was vital in allowing us to purchase our new home."
Neil Kerr
"Mark has been great, helped me understand each stage and explained it clearly. Responds quickly. Very happy indeed and would definitely recommend!"
Sonia Hickman
"Professional and friendly, great service. Thank you for your help with my mortgage during a very challenging year."
Shahid Rahman
"As first time buyers, finding offers was incredibly tough. Richard went out to individual lenders and created a bespoke offering tailored to us. The communication was crystal clear and he was always available. Impeccable service!"
Adam West
90-95% Loan to Value (LTV)

Loan to Value(LTV) options typically 90-95%

Trusted Advice

Clear and concise advice around the best options for your needs.


Helping customers cut through the noise to understand things their way.

Gross Pay Used

The Lenders use your contracted income. Not the net amount from your tax calculations.

Specialist Rates

We offer competitive rates ensuring the best price for our customers

Helping Customers Secure The Homes They Deserve

Jones & Young acts as the bridge between contractors and mortgage companies that can help them. Many lenders only deal with brokers like us, meaning a wider choice of available options.

How many mortgages Jones and young have completed


Helping self-employed professionals, contractors, freelancers, and small business owners navigate the mortgage process and get the best possible deal.

Your Trusted Team Of Experts

Mark Jones

Mark Jones is a professional mortgage adviser with over ten years of experience helping construction industry scheme workers get the mortgage they deserve.

Richard Young

Richard Young is an expert in helping older clients achieve better lifestyle options with the use of a lifetime mortgage and later life lending options.

Contractor Mortgage FAQs:

We’ve answered the most frequently asked questions about CIS mortgages for your convenience:

Stepping into the world of mortgages as a contractor might seem daunting, but with the right guidance, it’s a journey filled with promise. You can benefit from only being trading/ Contracting for 3 months instead of the 1 year most self employed people require and you can use your gross day rate not your lower taxable income. At Jones and Young, we’ve streamlined the process, ensuring that contractors have as smooth a path as any traditional employee. With our expertise by your side, securing a mortgage becomes not just feasible but straightforward.


While the general guideline suggests an income range of £80,000 to £100,000 for a £400k mortgage, it’s essential to remember that every financial situation is unique. With Jones and Young, we look beyond just numbers. We consider your entire financial picture, ensuring you get the best terms and rates tailored to your individual circumstances.

The myth that self-employed mortgages are elusive is just that—a myth. While there might be a few more hoops to jump through compared to traditional mortgages, the process becomes seamless with the right partner guiding you. At Jones and Young, we’re committed to championing the self-employed community, ensuring you have every tool and resource at your disposal to secure that dream mortgage.

While the perception exists that sole traders and contractors face an uphill battle in the mortgage area, the reality can be much brighter with the right guidance. As a sole trader or contractor, you embody the spirit of entrepreneurship, and that determination deserves recognition. At Jones and Young, we understand the unique financial nuances of the self employed. With our expertise, we demystify the mortgage process, ensuring that it’s not only accessible but also tailored to your requirements.