Contractor / Self-employed

As a contractor, you may have more opportunities for securing a mortgage than you think. Some mortgages are based not on what you take home as a salary, but on your weekly contract rate, as long as you can show a contract history and future contractual arrangements. We'd be happy to talk you through your options.

Helping you every step of the way

Search thousands of products to find the best deal for you
Help you understand the costs involved with purchasing your home
Prepare your application so lenders are more likely to consider you
Liaise with your lender, solicitor, and surveyor, so you don't have to
Take care of all the paperwork, leaving you to focus on your move
We communicate to always keep you in the picture

Answering your frequently asked questions

With so many options to consider, it can seem very confusing. So, to help you out we've answered some of your most common questions. For more specific advice about the options available for your circumstances, why not get in-touch with one of our friendly advisors.

Can I get a mortgage if I am a contractor?

Yes, but as income for contractors and the self-employed can fluctuate from month to month, it can be difficult to know how big a mortgage you can secure. Contact Oviso and speak with one of our team who will be able to help with advice that is relevant to your particular circumstances.

How many years of accounts do I need before I apply?

Typically you would need to have a contract renewed at least once or 12 months' history of contracting or a year's accounts. Depending upon what type of contract you are on or whether you are set up as a limited company, will impact what financial information we require to find you the right mortgage provider.

How long does the mortgage application process take?

As with all types of mortgage applications, we aim to try and secure for you an offer within a couple of weeks.


Mortgage calculator

Our simple mortgage calculator can help you to calculate your LTV (loan to value) and what your likely mortgage repayments will be. Remember, you will need to allow for other costs such as stamp duty, solicitor fees and moving expenses.

Cost of property
Enter the purchase cost of the property
Your deposit
Enter the deposit amount. The minimum for a house is usually 10% of the property's value.
Mortgage term
Enter the number of years you want to pay your mortgage over (between 1-35 years) If you already have a mortgage then enter the number of years you have remaining on your mortgage.
Mortgage interest rate
Enter the mortgage interest rate.
Mortgage amount
Monthly repayments
Loan to value (LTV)

There will be additional fees that you'll need to include within your house purchase budget

Examples may include: Solicitor fees, Broker fees, Conveyancing fees, Mortgage fees, Stamp duty.

If your mortgage is a fixed rate, your payments will remain the same for the deal period, but could increase at the end of the deal period.

For a more detailed summary of your house purchase costs, it's advisable to discuss the options available to you for your circumstances with a qualified mortgage advisor.

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