Contractor Mortgages Southport | Mortgage Advice Southport

If you’re a contractor or freelancer, you’ve probably already discovered that getting a mortgage isn’t always straightforward. Even with a healthy income, many contractors face unnecessary obstacles because lenders don’t always understand how your earnings work.

At Rosa Mortgages, we specialise in helping contractors just like you. We know how to present your income in the right way, speak to the right lenders, and take the stress out of the process — leaving you free to focus on your work, while we handle the mortgage side of things.

What is a Contractor Mortgage?

A contractor mortgage is specifically designed for people who work on a contract basis rather than as traditional salaried employees. Whether you work through a limited company, operate as a sole trader, or contract via an umbrella company, there are lenders who cater to your specific situation.

Unlike standard mortgages, contractor mortgages can be assessed on your day rate, contract value, or retained profits — providing more flexibility for modern ways of working.

Types of contractors we work with include:

IT contractors
Construction contractors
Engineering professionals
Medical and healthcare locums
Creative industry freelancers
Finance and consultancy professionals
And more

Challenges Contractors Face When Applying for Mortgages

Contractors often face challenges when applying for a mortgage simply because many mainstream lenders prefer the predictability of standard employment. Some common obstacles include:

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Irregular Income:

Variations in earnings can make lenders nervous if they don’t understand contract work.

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Short Work History:

Many lenders want 2-3 years of accounts, which isn’t always realistic for new contractors.

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Proof of Income Requirements:

Demonstrating earnings with invoices, contracts, or accountant references may be required.

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Limited Company Issues:

If you pay yourself a low salary and dividends, some lenders may underestimate your actual earnings.

Don’t worry — we know exactly which lenders are contractor-friendly, and we’ll make sure your application is presented properly to give you the best possible chance of approval.

How Rosa Mortgages Can Help Contractors

With access to a wide range of lenders who understand contractors, Rosa Mortgages is here to make the process clear and straightforward. We can help by:

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Presenting Your Income Clearly:

Using your day rate or contract value to maximise your borrowing potential.

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Navigating the Paperwork:

Guiding you on the documents you’ll need and helping you gather them quickly.

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Matching You with Specialist Lenders:

Saving you time by going straight to lenders who cater for contractors.

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End-to-End Support:

From your first enquiry to moving day, we’re here to handle the details.

Why Choose Rosa Mortgages for Contractor Mortgages?

Personalised Service: No two contractors are the same — we take the time to understand your specific situation.

Expert Knowledge: We’ve helped many contractors in Southport and across the UK secure mortgages when others said no.

Save Time & Reduce Stress: You focus on your contracts; we’ll focus on your mortgage.

Local Expertise, National Reach: Based in Southport, we’re friendly, accessible, and ready to help wherever you are in your contractor journey.

Get Started with Rosa Mortgages Today

If you’re a contractor ready to take the next step toward buying your new home or refinancing your current mortgage, Rosa Mortgages is here to help.

Contact us today for your free consultation.

Let’s make your mortgage journey simpler, quicker, and completely tailored to you.

FAQs About Contractor Mortgages

Can I get a mortgage if I’ve just started contracting?

Yes! Some lenders will work with contractors who have just started, particularly if you have experience in the same industry or previously worked as an employee in a similar role.
How do lenders assess my income as a contractor?

Many specialist lenders will base your mortgage offer on your day rate, multiplied by the number of days you work per week, then calculated over a full working year.
Do I need a bigger deposit as a contractor?

Not necessarily. Contractor mortgages typically have similar deposit requirements as standard mortgages, starting from 5% to 10%, depending on your credit history and circumstances.
What documents will I need to provide?

Usually, you’ll need your current contract, bank statements, proof of identity, and possibly an accountant’s reference. Don’t worry — we’ll guide you through exactly what’s needed.

Contractor Mortgages