IT contractor mortgages

As a specialist IT contractor mortgage broker, we’re here to help you access the most suitable and flexible mortgages tailored to your needs and unique circumstances.

Mortgages for IT contractors

If you're an IT contractor, you may have encountered challenges when applying for a mortgage or remortgage from mainstream lenders. This is often because most high street lenders don't fully understand the unique nature of IT contractor income and taxation, potentially underestimating your actual earnings and affordability. 

This is where a specialist IT contractor mortgage broker like Cleerly can assist. We are proud to partner with lenders who offer custom underwriting for self-employed IT professionals, considering factors such as contract-based earnings, variable monthly income and the structure of your IT contracting services. 

Our in-depth understanding of the IT contracting profession allows us to compile robust mortgage and remortgage applications that emphasise your merits and suitability as a borrower.

For over a decade, our dedicated team of advisors has been instrumental in helping IT contractors secure their dream properties, find a new rate or simply borrow some additional funds for things like home improvements or consolidating debt.  

If you're seeking a fair and flexible IT contractor mortgage tailored to your specific needs and circumstances, Cleerly is the broker for you. Contacting our mortgage specialists is easy - you can use our online mortgage calculator to compare mortgages, complete our simple quote form to receive quotes straight to your inbox, or just give us a call on 02394 212912. 

Contractor mortgage specialists

What is an IT contractor mortgage?

An IT contractor mortgage is a type of property finance designed to meet the specific needs and requirements of self-employed and employed professionals working as IT contractors. This type of mortgage differs from a standard residential mortgage as it considers factors such as contract-based earnings and the fluctuating nature of IT contractor income.

Eligibility criteria

How to get an IT contractor mortgage

The best way to secure a mortgage or remortgage as an IT professional is to apply through a specialist IT contractor mortgage broker. At Cleerly, we have access to a wide range of lenders who will consider the individual circumstances of each contractor based on their day rate, rather than their limited company tax returns or umbrella payslips. This means you can maximise your borrowing power and have peace of mind that you’ll be getting the most competitive rate available to you. 

In order to qualify for an IT contractor mortgage, you will need to provide some evidence of your income and contract history. This may include: 

  •  Your CV 
  • Up to date signed contract 
  • Business bank statement (if Ltd) 
  • Personal bank statements 

Some lenders may also ask for additional documents, such as: 

  • Limited company accounts 
  • Letter of intent around a renewal 
  • Confirmation of any gaps between contracts 

Your dedicated client services manager will work with you to gather all the necessary paperwork and submit it to the lender best suited to your individual circumstances. They will also liaise with the lender on your behalf throughout the process and keep you updated on the progress of your application. 

How we can help

First-time buyer mortgages for IT contractors

Navigating the mortgage process as a first-time buyer is daunting, whatever your profession. As an IT contractor, it can be even more stressful, especially when most high street lenders will view you as high risk, irrespective of your income.  

We can streamline the whole process from beginning to end, guiding you through the application process to ensure you're in the best position for lender acceptance. Assisting contractors with their mortgage is our passion, whether you're a day one contractor, trading via a limited company, or using an umbrella company.  

Our specialist advisors will talk you through options such as Shared Ownership or utilising Lifetime ISA savings for deposits. We’ll also advise how you can secure your mortgage with a deposit as low as 5% and even borrow up to five times your income.

Why choose us as your IT contractor mortgage broker?

At Cleerly, we understand the unique challenges and opportunities that IT contractors face when it comes to buying or remortgaging a property.

With over 15 years’ experience dealing with contractor mortgages, we know how to present your case to lenders who are most likely to approve you. Your client services manager will handle all the paperwork and communication with the lenders and work hard to secure your mortgage, whether you’re in the middle of a project or between contracts.

As your specialist IT contractor mortgage broker, we’ll help you to:

Borrow based on your day rate, not just your annual accounts or tax returns.

Find the best lending options for inside IR35 contractors and those being paid via an umbrella company.

Access competitive, market leading rates from high street lenders and specialist providers.

Find the most suitable mortgage product for your needs, whether it’s a residential, buy-to-let or remortgage.

Trusted lenders we work with

Ready to get started?

Getting a mortgage or remortgage as an IT contractor isn’t always easy, but we are here to help make it simple and stress-free with specialist, jargon-free advice. To speak to one of our IT contractor mortgage advisors, don’t hesitate to give us a call on 02394 212912 or request a call back. Alternatively, fill out our online quote form and we’ll be in touch shortly with a range of mortgage quotes.

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