If you’re an IT contractor paid on a day rate, getting a mortgage can feel like an uphill battle. Many high street lenders still base their lending criteria on the idea that everyone is permanently employed with a regular salary and uninterrupted employment. So, when they see contract-based income or project work paid by the day, they hesitate.

The result? You could be told you can’t borrow as much as you need, face higher interest rates, or even be turned down altogether. Some lenders may also assess your affordability using your net profit or net invoice figure, rather than your true gross contract income, which can significantly underestimate what you actually earn. And if your work falls inside IR35, that can complicate things even further.

It doesn’t seem fair, does it? Especially when you know your income is strong, consistent, and often higher than many permanent employees, and your finances are stable. But because you’re paid on a day rate and may work across multiple contracts, traditional lenders may still view you as a higher risk, even when you’re not.

You might even have felt pressured to adjust your contract, change the way you’re paid, or provide excessive paperwork just to satisfy a lender. It’s frustrating, outdated, and completely unnecessary.

At The Residential Mortgage Hub, we do things differently

We specialise in helping IT day rate contractors access the mortgage market without needing to change how you’re paid. With access to a panel of over 100 lenders, including those who understand day rate contracting, we can help you borrow based on your full earning potential, often up to 5.5 times your income, without adjusting your contract setup or tax arrangements.

We work directly with underwriters who understand how IT contractors are paid and who are ready to say yes when some banks say no.

As a whole-of-market broker, we’ll guide you through every step of the process, from sourcing the best deal, to preparing your application, and managing the paperwork, so you can focus on your projects, your career, and everything else that matters, without the stress of outdated lending criteria.

Getting started is easy

Just fill out our short online form, and we’ll be in touch to talk through your options, at a time that suits you, including evenings and weekends.

Take the Next Step

1. Fill out our quick enquiry form
2. Speak with a contractor mortgage specialist
3. Discover the lenders ready to support your goals

Mortgages for IT Day Rate Contractors
What You Get