What Documents Do Contractors Need for a Mortgage?

What Documents Do Contractors Need for a Mortgage?

Blog Article

Be Prepared Before You Apply
When applying for a mortgage as a contractor, having the right documents ready can speed up the process and improve your chances of success. Lenders need to see proof of your income, identity, and financial stability. The exact requirements may vary depending on your work setup, but here are the key documents you’ll likely need.

1. Your Current Contract
This is the most important document for contractors. It should show:

Your day rate or hourly rate

Contract length

Start and end dates

Client or agency details

Most contractor-friendly lenders will use this to calculate your annual income.

2. Proof of Income (If Required)
Depending on your setup (especially if you work through a limited company), lenders might also request:

Last 3–6 months of personal and/or business bank statements

Recent payslips (if under an umbrella company)

Company accounts or tax returns (if self-employed or sole trader)

Not all lenders need this if you're assessed using your contract rate, but it’s good to have on hand.

3. Proof of Identity and Address
You’ll need to provide standard ID documents such as:

copyright or driving licence

Recent utility bills or council tax statements

Bank statements with your current address

4. Credit Report (Optional, but Recommended)
While not always required, it’s smart to check your credit score before applying. This helps identify any issues that could impact your application.

5. CV or Work History
Some lenders ask for your CV to confirm your experience and contracting background. This is especially helpful if you’re new to contracting but have a solid employment history in the same field.

Let Us Guide You Through It
At Contractor Mortgage Solutions, we’ll let you know exactly what documents you need based on your situation—and help you prepare them for your application.

Start Your Mortgage Journey Today
Get in touch with us today to get expert advice and start the process the right way.