Can I get a mortgage being a contractor?

Yes, in many cases you absolutely can get a mortgage as a contractor. One of the biggest misconceptions we see is people assuming that because they are not permanently employed, they will struggle to get approved. In reality, many lenders now have specific criteria for contractors and freelancers. The key is how your income is presented. Some lenders will use your contract day rate, others may look at salary and dividends, and some will assess your company profits. The best lender depends on whether you work through a limited company, umbrella company or CIS setup. Deposit, credit history and existing financial commitments still matter just as much as they do for employed applicants. (Unbiased) Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.