Skipton Contractor and Self-Employed Mortgages

Working in partnership with the market-leading lender for contractor mortgages

Skipton Building Society provides contractors with favourable lending criteria based on day rates instead of accounts or pay slips. Cleerly is proud to partner with Skipton, ensuring contractors, freelancers and professionals paid via limited or umbrella companies find the best mortgage deals on the market.


Skipton contractor mortgages

Skipton stands out as a premier choice for contractor mortgages, renowned for its efficient processing times and streamlined application process. Their proactive approach means they place a consistent emphasis on finding ways to approve, rather than decline, applications from contractors and self-employed professionals.

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Skipton contractor mortgage criteria

Prior to 2018, Skipton assessed contractors based on a two-year net profit average. They now evaluate affordability based on daily contract rate x 5 days x 48 weeks, demonstrating their understanding that contractors are not inherently high risk borrowers.

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

  • ID and proof of address
  • Evidence of income
  • Evidence of current contract
  • Proof of deposit
  • Latest bank statements

To learn more about Skipton’s lending criteria for contractors and explore deals tailored to you, speak to one of our contractor mortgage consultants today on 02394 212912.


Skipton mortgages for self-employed professionals

In line with Skipton’s lending criteria for self-employed professionals, borrowers would normally be required to provide:

  • ID and proof of address
  • Previous two years’ SA302 forms and corresponding tax year overviews
  • Copy of current contract
  • Signed business accounts from previous two years

Our team will assist you in gathering all necessary documentation and liaise with Skipton on your behalf to secure an agreement in principle. Contact Cleerly today to get the ball rolling.

Skipton Building Society contractor mortgages FAQs

Skipton will do a soft credit search for an Agreement in Principle and a final, hard credit search if you decide to progress with a full mortgage application.

A contractor is usually classed as any professional who works on a contract basis and pays tax either through an umbrella company or via self-assessment.

Securing a mortgage when paid through an umbrella company is feasible but is not without its challenges. To optimise your chances for approval, speak to one of our umbrella mortgage consultants who will be happy to guide you through your options.

Cleerly partnered with Skipton to design its contractor policy and is now considered the market leader for contractor mortgages. Compared to many of its competitors, Skipton prioritises a streamlined documentation process, swift processing times and a proactive approach towards application approvals rather than rejections. For more information on Skipton’s rates and lending criteria, contact us on 02394 212912.

Ready to make the move?

Cleerly’s mortgage consultants are experts in the field of contractor and self-employed mortgages and can guide you through the process to enhance your chances of approval.

For more information on Skipton's lending criteria for contractors, contact our contractor mortgage consultants today on 02394 212912.