Contractors often face challenges when applying for a mortgage, despite earning strong and consistent income.
This client was working on a day rate contract and had been told by a bank that their income couldn’t be assessed in a way that supported their borrowing needs.
We reviewed their contract, day rate, and work history, and structured the application to reflect their true annualised income, rather than relying on traditional payslip-based calculations.
By placing the case with a lender experienced in contractor mortgages, we were able to have their income assessed correctly.
The result was a successful mortgage offer that accurately reflected their earning capacity, allowing them to move forward with confidence.