Contracting like any form of working arrangement should not restrict you from being able to apply for a mortgage.  So as a contractor can I apply for a mortgage?  The short answer is YES you should be able to apply no problem.

However depending on your circumstances high street banks, building societies and mortgage brokers may struggle to fit contractors into their existing products.  It has been known for some contractors operating through their own PSCs  to have to jump through multiple hoops to be approved for a mortgage or re-mortgage.  In extreme circumstances there are stories of contractors being strung along for 12 months+ waiting for a decision on approval.

If you find yourself in that situation we recommend dealing with a specialist contractor mortgage broker.  Contractor Mortgages Made Easy specialises in the contractor sector and you can find their website at www.cmmemortgages.com

The good news is that if you choose to use Quad Management as your employing Umbrella Company all payroll is processed as strictly PAYE so you will have no problems attaining mortgage services through the more mainstream lenders.