Skip to content
England & Wales · SRA / CLC firms

Contractor mortgages

Lending to borrowers working through fixed-term contracts, limited companies or umbrella arrangements rather than on a permanent employment contract. Panel and conveyancing requirements follow the lender’s standard terms.

At a glance
Jurisdiction
England & Wales
Lenders covered
21
Handbook
UK Finance · Part 1 & 2

Part 2 of the UK Finance Mortgage Lenders' Handbook is amended by lenders without notice. Check the current version before relying on any requirement described here.

What has to be in place

  1. Conveyancing is largely unchanged

    How the borrower’s income is assessed is an underwriting matter. The conveyancing requirements are the lender’s standard ones for the product being taken.

  2. Read the offer’s special conditions

    Where a lender has underwritten around a contract, any condition attached to that sits in the special conditions on the offer and has to be satisfied before drawdown.

  3. Limited company borrowers

    If the borrower is a company rather than an individual, execution, capacity and any requirement for personal guarantees or independent legal advice all change.

Contractor mortgages for 21 lenders

Each page below covers the same subject for one lender, and says which Part 2 question holds that lender’s own answer.

Acting on lender instructions

LenderPanel maintains the directory borrowers search when choosing a conveyancer. Panel membership decides whether a firm can act at all.

List your firm on LenderPanel

All lenders and the topics covered for each →

This page is written for conveyancers and is general information rather than advice on any individual matter. Lender Monitor has no affiliation with the lenders it names, holds no endorsement from them, and is not owned by any of them; their names are reproduced only so that readers can tell which lender's requirements are under discussion.