IT professionals: maximise your mortgage using your day rate

Working in IT, you’ve likely experienced the frustration of dealing with High Street lenders who don’t understand your unique financial situation. Traditional mortgage criteria often don’t reflect the true value of your contract income, leading to unnecessary complications and mortgage offers that don’t meet your needs or expectations.

Freelancer Financials are the experts at arranging mortgages for IT professionals. We understand that your earning structure can change over your career, from periods as a contractor to umbrella employee and permanent work.

 

The problem with conventional lending criteria

At the High Street or call centre level, very few lenders will see past either this erratic work pattern or, if they treat you as self-employed, your SA302. This is not ideal, nor does it make the most of your considerable contract income. This is when you need a specialist mortgage broker in your corner…

Why IT contractor mortgages are different

At Freelancer Financials, we specialise in securing mortgages based on your contract rate, not outdated lending criteria.

We understand that as an IT contractor, you’re a high earner with a stable income, even if your contracts are short-term. That’s why we’ve worked closely with lenders to develop bespoke mortgage solutions just for you.

Get the right mortgage no matter how you work

Freelancer Financials’ brokers understand that IT professionals can adapt, as their current contract dictates. This often means switching between payment structures.  For example, you could be a systems analyst, network engineer or software developer coming towards the end of your contract. If there’s a suitable permanent IT position on offer, you’ll take it on a full-time, PAYE basis. 

You may later see a more lucrative short-term contract, albeit inside IR35. Then, you’ll pivot and take that contract through an umbrella company. If a similar contract becomes available outside IR35, you’ll have no qualms about utilising a limited company payment structure to fulfil that role.

We understand the reasons you move from one status to another as your career develops. The specialist underwriting teams at lenders’ head offices with whom we deal understand them, too. 

 

The Freelancer Financials solution for IT contractors - how does it work?

By using your day rate, you'll maximise your affordability and secure a mortgage that truly reflects your value as a contractor.

 

Contract-based affordability

We calculate your mortgage potential based on your day rate, not your limited company accounts or payslips. This allows you to borrow more and secure a mortgage that truly reflects your earnigns.

 

Simple documentation

All we need is your current contract, an updated CV, and a few bank statements. We handle the rest, ensuring a smooth and hassle-free application process.

 

Direct access to lenders

We have strong relationships with specialist underwriters who understand the IT contracting world. This means we can get you a same-day agreement in principle and fast-track your mortgage application.

Ready to get in touch?

If typical lenders have let you down, we’re sure you may have other questions or need more assistance. It can’t be as simple as we’ve made out, can it?

It often is. Complications only arise when your advisor or lender doesn’t specifically offer mortgages for IT contractors. They either don’t understand or their calculations can’t accommodate how you work.

Our experienced brokers are here to help. If you need general mortgage advice, have a specific query, or want to discuss your options, talk to us. Fill out this quick form, and we’ll get back to you as soon as possible. Connect now to start making your homeownership goals a reality.

Rather talk to someone? Call our advisors now on 020 8421 7999.

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    How mortgage affordability for IT contractors is calculated

    Underwriters begin by ‘annualising’ your contract day rate. They multiply your day rate over either 46 or 48 weeks to gauge your pre-tax annual income.

    This maximises your affordability, helping you secure a mortgage that reflects your true value as an IT contractor.

    Calculate your borrowing power

    Simple documentation is all you need

    Getting a mortgage as an IT professional needn’t be complicated. All we need is:

    • Your current contract (and sometimes an extension if it’s almost expired)
    • An up-to-date CV
    • 3 or 6 months bank statements (depending on the lender)
    • Documents supporting your ID

    We handle the rest, ensuring a smooth and hassle-free application process. Since 2004, we’ve developed strong relationships with specialist underwriting teams at many lenders. Like us, they understand the idiosyncrasies of IT contracting. This means we can get you a same-day agreement in principle and fast-track your mortgage application.

    Types of mortgage available

    Our flexible, competitive solutions are designed to make your mortgage journey easier. We offer a range of mortgage products designed for IT professionals, including:

    First-time buyer mortgages

    Get on the property ladder with tailored solutions for IT contractors.
    Types of contract worker

    Home mover mortgages

    Find the perfect mortgage for your next home without the hassle.

    Remortgages

    Secure competitive rates before your current deal expires, avoiding higher standard variable rates.

    Buy-to-let mortgages

    Build your property portfolio with specialist support for IT contractor investors.

    Day 1 mortgages

    Start your journey with less than 12 months of self-employment, provided you’ve worked in the same industry for at least a year.

    Compare mortgage deals for IT contractors

    We're rated 5 stars on Google

    After a terrible experience with another broker, which was putting the purchase of my property at risk, a friend recommended contacting Freelancer Financials. My only regret was that I hadn't contacted them much sooner! George was absolutely superb and I felt immediately reassured. His expert guidance, understanding, professionalism and communication exceeded my expectations. Within a matter of days - after a delay of some 7 weeks and a lot of stress with the previous broker - I was in receipt of a great mortgage offer. The whole process was seamless and simple. Dealing with George directly, rather than a series of people in a call centre, made such a difference. I can honestly say, this is one of the best examples of customer experience I've ever had and I wouldn't hesitate to recommend Freelancer Financials to anybody.
    Katherine Lakeland
    06/07/2025
    Natasha and team were phenomenal with their proactiveness , communication and helping to answer all the queries/options with utmost patience. They take utmost care from start of the application till the completion by ensuring everything go smooth and always send us reminders on the renewal options well in advance. We have been with them for last 9+ years and always the first choice for any mortgage applications and had referred many of the friends and they were pretty happy as well. I would definitely recommend them !!!! Thank you Natasha and Freelance Financial team for your overwhelming support ..
    Venkat Surisetti
    04/07/2025
    Another seamless mortgage renewal through Andrew Saunders at Freelancer Financials (despite throwing ever more complexity his way)! After 10 years I really can't recommend Andrew enough - from start to finish, he always makes the entire process efficient and straightforward, and his expertise in navigating the complexities of contractor mortgages is clear. Huge thanks also to Leanie Freed.
    Sally Verney
    11/06/2025

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