Contractor Mortgage Broker

Jones & Young are experienced contractor mortgage brokers, helping self employed contractors secure the contractor mortgage they need through both high street lenders and specialist lenders.

With over thirty years in the mortgage market, we understand how to present your income in the best possible way and find the right lender for your circumstances.

Speak to a Mortgage Specialist

      EXCELLENT  
   Based on 60 reviews 
    
 
 
 
   
 
 
       Posted on Google  
    David Simpson 
 14 July 2025
 
 
 Trustindex verifies that the original source of the review is Google. Dealt with Mark regarding a difficult situation i was in with 1 years accounts with my LTD company , he couldn't have been more helpful and was full of great advice and knowledge , i would 100% recommend Mark , will use him in the future and will recommend him to my friends
  
 
      Posted on Google  
    Allison Banks 
 14 May 2025
 
 
 Trustindex verifies that the original source of the review is Google. Mark was incredibly patient and helpful throughout the entire mortgage process. He took the time to understand my needs and always went the extra mile to find the best possible deal. His guidance made a complex process feel straightforward and stress-free. I highly recommend Mark for anyone looking for a dedicated and knowledgeable mortgage broker.
  
 
      Posted on Google  
    Lottie Brown 
 29 April 2025
 
 
 Trustindex verifies that the original source of the review is Google. Mark was extremely helpful with getting me and my partner our mortgage. My partner is self employed and Mark was able to get us our mortgage with no hassle at all! We would 100% recommend Mark. We really can’t thank him enough!☺️
  
 
      Posted on Google  
    Simon McClelland Morris 
 16 March 2025
 
 
 Trustindex verifies that the original source of the review is Google. We recently engaged with the J&Y team about a mortgage. We spoke to Mark who was very welcoming and friendly, getting to know us through conversation, and discussing the potential property we were looking at. This all helped confirm our interest in the house and gave Mark a good platform to be able to offer us advise on the correct mortgage for us as a family.
  
 
      Posted on Google  
    Megan-McKenzie Osborn 
 10 March 2025
 
 
 Trustindex verifies that the original source of the review is Google. Would recommend to absolutely everyone! Sheila was amazing at not only securing us our mortgage offer but also the process afterwards as we were first time buyers we did not know much but Sheila was more than happy to talk us through the steps, going above and beyond her job role! Sheila was always available to answer questions and put our worries at ease and as someone who stresses about everything this made the process so much more bearable. Very responsive and helped through the entire process!

Thank you so so much and we are so grateful. Highly recommend and will be referring to friends and family.
  
 
      Posted on Google  
    Kyle Layland 
 27 February 2025
 
 
 Trustindex verifies that the original source of the review is Google. I cannot express my gratitude enough to Richard Young. As a first time buyer I came into the house purchase process completely clueless and Richard helped me through every step of the way. From our first introductory call years back when I started saving through to today he's been exceptional and always gone above and beyond. We're now weeks away from completing on our home and Richard is continuing to help, from securing Home and Contents Insurance quotes to persistently searching to see if he can get us a lower interest rate before our mortgage goes live. If you are looking for a trustworthy, knowledgable and down to earth broker then look no further than Jones&Young. I guarantee you he will have your best interests at heart.
  
 
      Posted on Google  
    Samuel T 
 22 January 2025
 
 
 Trustindex verifies that the original source of the review is Google. Can't recommend these guys enough! From Mark in the initial stages to Sheila seeing it all through! Absolutely superb!
  
 
      Posted on Google  
    kobir khan 
 18 December 2024
 
 
 Trustindex verifies that the original source of the review is Google. Hands down one of the best service I have ever received. Sheila was and is amazing. Always there to help with any of my queries.(No matter how silly they can be)

Honestly don't think you will get a better mortgage broker than Shiela.
  
 
      Posted on Google  
    Charlotte Pearson 
 26 November 2024
 
 
 Trustindex verifies that the original source of the review is Google. We couldn't be happier with the service Jones&Young provided to  help us get a mortgage! This was a very long process, and Sheila our mortgage broker was thoughtful, hardworking and extremely knowledgable to achieve the mortgage we needed to get us started, as first time buyers, on the property ladder. Thank you so much!
  
 
      Posted on Google  
    Nidal Chehadeh 
 20 November 2024
 
 
 Trustindex verifies that the original source of the review is Google. I had the pleasure of working with Jones and Young Limited, and I can't recommend them enough. From start to finish, the experience was seamless, efficient, and stress-free.

Sheila Blacklaw was incredibly knowledgeable about the mortgage process and took the time to explain all of the options available to me. She truly listened to my needs and found a solution that perfectly aligned with my financial goals. What stood out the most was her clear communication and her dedication to going above and beyond to ensure I understood every step of the process.

She was always available to answer any questions, no matter how small, and her professionalism gave me the confidence that I was in great hands. Thanks to her hard work, I secured a fantastic rate and was able to close on my dream home faster than expected.

If you’re looking for a mortgage broker who truly puts their clients first, look no further than Jones and Young Limited (Sheila Blacklaw). I’ll definitely be recommending them to my friends and family!
  
 
  
  
 
     Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more

What Is a Contractor Mortgage?

A contractor mortgage is a type of mortgage designed for people who work on fixed term or short term contracts instead of traditional employment. These products allow mortgage lenders to assess your contract income, often using your gross contract day rate rather than taxable pay.

With the support of a specialist mortgage broker like Jones and Young, you can access contractor mortgage deals from both high street lenders and genuine contractor mortgage lenders across the wider mortgage market.

Can I get a mortgage as a contractor?

Yes, getting a mortgage as a contractor is possible, and often much easier when working with a specialist mortgage broker who understands contract based underwriting and lender lending criteria.

Jones & Young specialise in helping contractors secure mortgages based on contract income rather than traditional accounts. Many contractor friendly lenders will use your gross contract day rate or contract rate to calculate affordability, which can often increase your borrowing potential compared with using limited company accounts.

If you are new to contracting, you usually only need less than a year of experience. In many cases, one month is enough when backed by previous industry experience. Many mainstream lenders will accept your current contract as income evidence.

We handle the entire mortgage application process, removing the stress of contacting mortgage providers, banks or building societies yourself. Our team completes the full mortgage application on your behalf, compares suitable lenders, and explains each step so your application runs smoothly.

With access to industry leading mortgage brokers, contractor mortgage deals and a wide network of specialist lenders, we help many contractors secure a competitive mortgage even if they have struggled with the wrong lender in the past.

What to consider when applying for a mortgage as a contractor

Applying for a mortgage as a contractor can feel complex, but understanding how lenders assess contract income makes the process far more straightforward. From gross day rate calculations and CIS income to umbrella company structures and short-term contracts, lenders take different approaches depending on how you work. Below, we explain the key factors mortgage providers consider and how contractor-friendly underwriting can help you maximise your borrowing potential while avoiding unnecessary hurdles.

Jones & Young help you present your contracting background clearly so lenders can make a confident decision.

Contractors and Sub-contractors

Many contractor-friendly lenders will accept your current contract as income evidence, even if you have less than a year of trading. In some cases, just one month of contracting is enough when supported by previous industry experience.

Most lenders assess affordability using your gross contract day rate, not your taxable income. This can significantly increase your borrowing potential.

Income is typically calculated by:

Multiplying your contract rate by contracted days per week
Applying 46 or 48 working weeks
Using this figure as your average annual income

Jones & Young identify which lenders are most likely to accept your income structure and guide you through the full application process.

Company Accounts vs Contract

Many contractors assume company accounts are required, but contract-based underwriting often allows lenders to assess your contract income instead of salary and dividends.

This approach:

Uses gross income rather than taxable income
Avoids drawing unnecessary dividends
Supports tax efficiency within a limited company
Reduces the risk of the wrong lender decision

This is ideal for limited company contractors looking to maximise borrowing potential.

Salary and Dividends or Day Rate?

Traditional underwriting can work against contractors when salary and dividends don’t reflect true earnings.

Day-rate underwriting is often more effective because:

It reflects consistent income more accurately
Contractors often secure higher loan amounts
Specialist brokers can access competitive high-street rates

Contractor mortgage deals do not always carry higher interest rates, and many mainstream lenders actively support contractors.

CIS and Contractors

If you work under the CIS scheme, many lenders treat CIS statements like payslips, allowing affordability to be assessed on gross income.

Benefits include:

Assessment based on gross pay, not taxable pay
Acceptance of CIS income as reliable and consistent
Use of day rate instead of company accounts

Interest rates remain the same whether you’re paid CIS, PAYE, or via a limited company.

Umbrella Company Contractors

Several contractor-friendly lenders accept umbrella company income, using:

Your current contract
Umbrella payslips
Bank statements and tax records

Lenders often view umbrella income similarly to PAYE due to its consistency and clear documentation.

Short-Term or Less Than One Year Contracts

Short-term contracts do not prevent mortgage approval when income and experience are strong.

Lenders may consider:

Previous contracts and contract value
Day rate and gross income
Ongoing work and sector stability

Many contractors secure mortgages with less than a year of contracting, particularly when supported by relevant industry experience.

Receive The Mortgage Deals You Deserve

We have over thirty years of experience in helping self-employed contractors like you find the mortgages they need. Even if you’ve struggled to find a mortgage through other channels, we may have access to many specialist lenders that may be able to help.

Why Trust Jones & Young as Your Contractor Mortgage Broker Specialists

Choosing the right mortgage as a contractor or self-employed professional can feel complicated, but it doesn’t have to be. At Jones & Young, we specialise in helping independent earners secure the borrowing they deserve, with clear, honest advice tailored to how contractors actually work.

You can explore all the mortgage options we offer right here.

90–95% Loan-to-Value Options

Access mortgage products offering 90–95% LTV, designed specifically for contractors and self-employed professionals.

Clear & Expert Guidance

Receive straightforward advice focused on finding the most suitable mortgage for your individual circumstances.

Simple, Jargon-Free Communication

We explain everything in plain English, so you always feel confident and in control of your decisions.

Gross Income Considered

Many lenders assess your average gross income over the last three months, rather than net profit, which can significantly increase borrowing potential.

Competitive Specialist Rates

We source contractor-friendly rates from across the market to ensure you receive the best value available.

30+ Years of Industry Experience

Benefit from decades of experience supporting contractors, freelancers, business owners and the self-employed.

Personalised Mortgage & Protection Advice

Get tailored recommendations built around your lifestyle, financial goals and long-term stability.

Whole-of-Market Access

We work with the entire mortgage market, giving you access to a wider choice of lenders and better deals.

Years Experience

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Independent Advice

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Specialist Lenders

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Read What Our Customers Say

Our customers are at the heart of everything we do, and their feedback speaks for itself. Many describe our brokers as friendly, knowledgeable, and always willing to go the extra mile to help them secure the best deal.

Katie Porter

28/06/2026

Being so young and feeling so lost in the whole house movement progress can be very daunting. My partner and I were recommend Sarah to be our mortgage advisor and this turned out to be the best decision we made...

Natalia Dobrzanska

17/12/2025

Amazing service! I was looking for an experienced broker who would be able to help secure a mortgage for a CIS worker. While other brokers said no, or took their time to book us in Richard and his team guided...

Maria Morgan

01/07/2026

I was so lucky to get an introduction to Jones and Young, especially Richard. He has been outstanding in helping me finally getting the Equity Release I have needed and it was a pleasure to deal with him. In this...

Chris Watterson

17/06/2026

Top quality service - I needed help getting a mortgage due to being self-employed and a complex case. Richard and Mark have incredible knowledge of the market and were able to work out which providers would look favourably on my...

Christopher Hall

25/02/2026

Top service from Mark and Jane. Process was smooth and informative, Mark gave me a lot of confidence around what can be quite a difficult process, was available when I needed him and provided clear and concise information. Would 100% recommend...

How Do You Calculate What A Contractor Can Borrow?

Calculating how much a contractor can borrow is based on more than just income. Lenders assess a combination of your contract earnings, credit profile, deposit size and overall affordability to determine what is realistic and sustainable. Below, we explain the key factors mortgage providers consider and how contractor-friendly underwriting often allows borrowing to be based on gross contract income rather than taxable pay, helping contractors maximise their borrowing potential.

Income

Most mortgage lenders assess contractors using gross income rather than taxable pay. This is why contractor mortgages can offer higher borrowing potential than standard self employed assessments.

Lenders typically look at:

Your gross contract day rate or contract rate
Expected working weeks per year
Whether you operate through a limited company, umbrella company, or CIS
Your overall mortgage affordability

Using contract income often results in a higher maximum loan amount because it reflects your true earning level rather than your tax returns or salary.

Credit Rating and History

Your credit rating and overall credit history play a major role in determining how much you can borrow. A strong credit profile reassures mortgage lenders that you can manage regular mortgage payments.

Lenders may review:

Your credit file from a credit agency
Your credit report for missed payments or defaults
Recent bank statements and account conduct
Any unsecured debts affecting your financial position

If your credit history is less than perfect, a specialist broker like Jones & Young can still help you find suitable lenders, including specialist lenders who support self employed individuals and contractors.

Deposit

Your deposit size directly impacts how much you can borrow and the quality of the mortgage offer available.

Key points lenders consider:

Minimum deposits often start from 5 percent
Larger deposits lead to competitive mortgage deals
Higher deposits reduce risk for the mortgage provider
Many contractors secure better mortgage rates by increasing their deposit

Contractor friendly lenders will also review savings levels, whether you have an own limited company, and any support from independent professionals involved in your finances.

Debt-to-income ratio

Your debt-to-income ratio compares your overall commitments with your income. This is a standard calculation across the mortgage industry and helps lenders understand whether your borrowing level is affordable.

Lenders examine:

Credit card and loan balances
Car finance or personal loans
Any recurring deductions
How these commitments sit alongside your contract income

Using a gross contract rate rather than taxable earnings often improves this ratio, giving contractors greater flexibility and helping avoid decisions from fewer lenders.

Need Help Securing A Contractor Mortgage?

Navigating the mortgage market as a contractor can feel complicated, especially when lenders assess income differently. With Jones and Young, you have a team that understands these challenges and knows how to present your application in the strongest way. We focus on matching you with the right contractor mortgage based on your financial position, goals, and future plans.

If you want clear guidance, contractor focused expertise, and support at every stage of the mortgage application process, our team is here to help. Jones and Young can make securing a contractor mortgage simpler, clearer, and far more achievable.

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Contractor Mortgage Broker FAQs:

We’ve answered some of the most frequently asked questions about contractor mortgages below:

How hard is it to get a mortgage as a contractor?

Getting a mortgage as a contractor can be more complex than applying as an employee, but it is far easier with the right guidance. Some lenders have stricter lending criteria, and many contractors are rejected simply because they approached the wrong lender.

By working with a broker that understands contract based underwriting, income multiples, and self employed requirements, many contractors secure the best contractor mortgage deals available to them, often at the same rates offered to employed applicants.

Can you break a mortgage contract?

You can leave or change a mortgage contract, but this depends on your mortgage term, product type, and whether there are early repayment charges. Before making changes, it is important to understand the costs and implications.

Jones and Young will explain your options clearly and liaise with your mortgage provider to help you make an informed decision that suits your financial position.

Do I need two years of accounts to get a contractor mortgage?

No. Many contractors secure a mortgage without two years of accounts. Contractor friendly lenders often use your current contract, previous contracts, and gross contract rate to calculate affordability instead of relying on company accounts or SA302s.

This is especially helpful for contractors with an own limited company, umbrella company workers, or those with less than a year of trading. A specialist broker will identify the lenders who take this approach.

How much can I borrow as a contractor?

Your borrowing potential is based on your contract value, day rate, deposit level, credit rating, and overall mortgage affordability. Lenders may calculate this by multiplying your daily rate and applying an income multiple. With the right lender’s perspective and a clear application, many contractors achieve a maximum loan amount similar to or higher than employed applicants.

Using your contract income rather than taxable income often increases your borrowing potential significantly.

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