How Long Do Contractors Need to Be Working to Get a Mortgage?

How Long Do Contractors Need to Be Working to Get a Mortgage?

Blog Article

If you're a contractor considering buying a home, you might be wondering: How long do I need to be contracting to qualify for a mortgage? The answer isn’t always straightforward — but with the right lender, even new contractors can get approved.

What Do Lenders Usually Look For?
Traditional lenders often want:

2–3 years of accounts (for sole traders or limited company directors)

Evidence of steady income over that time

Minimal gaps between contracts

This can be a challenge for new contractors or those who recently switched from permanent employment.

Good News: Some Lenders Are More Flexible
Contractor-friendly lenders take a different view. Instead of requiring years of trading history, they may approve you with:

As little as 3–6 months of contracting experience

A strong current contract

Previous industry experience or recent switch from permanent employment

This opens the door for many professionals who are early in their contracting career.

What Helps Strengthen Your Application?
Your day rate and how long your current contract runs

A consistent work history in the same field

Clean credit history and stable finances

Proof that you’re actively working or have another contract lined up

The more stable your income looks, the more likely you are to get approved — even if you haven’t been contracting for long.

Let Contractor Mortgage Solutions Guide You
We specialise in helping contractors at every stage of their journey. Whether you’ve just started or have years of experience, we’ll find the right lender for your situation and present your income clearly.

Contact Contractor Mortgage Solutions today to check your eligibility — and find out how soon you can apply for a mortgage.