Barclays contractor and self-employed mortgages

Barclays offers a range of mortgage products which accommodate various complex incomes, making them a suitable option for contractors and self-employed professionals who meet their lending criteria.


Barclays contractor mortgages

Barclays is a well-established lender with a strong reputation for offering competitive mortgage and remortgage options. While their strict lending criteria can pose challenges for contractors, Cleerly's special partnership with Barclays allows us to explore a wider range of mortgage solutions beyond what's available in a typical branch.  

Use our mortgage calculator 


Barclays contractor mortgage criteria

Depending on your income and circumstances, Barclays uses a daily rate calculation to determine borrowing power. This calculation uses the lower rate of the two most recent contracts and then multiplied by 46 to give an annual figure.  

As part of the mortgage application, contractors will be required to present the following: 

  • ID and proof of address 
  • Evidence of income 
  • Evidence of current contract 
  • Evidence of contracts covering the previous 12 months. 
  • Proof of deposit 
  • Latest bank statements 

For more information on Barclays’s lending criteria and what documentation is required, speak to one of our contractor mortgage consultants today on 02394 212912.

Barclays contractor mortgage FAQs

Barclays uses Experian, Equifax and Callcredit for its credit checks.

Yes, but it’s worth specifying that Barclays is one of the only lenders who treats umbrella contracts as zero hours. If you are paid through an umbrella company and would like some guidance on how this impacts your mortgage application, speak to one of our umbrella mortgage consultants who will be happy to guide you through the process. 

Despite its stringent lending policy, Barclays offer competitive mortgage rates that are on a par with other mainstream high street lenders. Find out how much you could borrow with our Contractor Mortgage Calculator. 

Securing a mortgage as a contractor or self-employed professional is not always straightforward – even for high earners. That’s why your best chance of clinching a mortgage offer from Barclays is to partner with a specialist contractor mortgage broker.  

Cleerly’s mortgage consultants are specialists in contractor and self-employed mortgages, guiding you through the application process to put you in the best possible position for lender approval.   


Ready to make the move?

To discover how Cleerly can help you secure your dream home, call us today on 02394 212912.