Contractor Mortgage Calculator

How much can you borrow as a contractor?

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.

Try our calculator to see how much you can borrow based on your contract rate.

How much can I borrow on my daily rate?

£100

£1,000

Potential Borrowing £0

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.

Name
This field is for validation purposes and should be left unchanged.
First Name*
Surname*
Email*
Phone*
Contract Rate / Income (£)
Your borrowing needs (£)
Situation*
- Not looking - how much can I borrow?
- Remortgaging within next 4 months
- Looking - need Application in Principle (AIP)
- Making offers / had one accepted
- Had mortgage quote - want comparison
- None of the above
When you click ‘send’, your data will be securely sent to the Broadbench mortgage team, who will get back to you within 24 hours (Monday-Friday). We will not use your details for any other purpose.