Contractor Mortgage Calculator – How much can you borrow?

Use this calculator to see how much you can borrow based on your contract rate.

Multiples of your contract rate

Many contractor mortgage brokers use a similar formula when working out how much a client can borrow.

Daily Rate x 46 weeks per year x 5 days per week x 4.5 (a multiple).

Using this formula, you can roughly determine how much major lenders will be prepared to lend you.

Contractor Mortgage Calculator

Further resources

• Contractor mortgage guide
• Mortgage repayment calculator (for repayment and interest-only loans)

Contact our recommended contractor mortgage broker

If you’d like to discuss your requirements with our long-term IFA, Broadbench, simply fill in the form below, and the team will get right back to you.

We’ve worked with Broadbench for over five years – they provide excellent expert customer service.