Can Contractors Get Buy-to-Let Mortgages?

Can Contractors Get Buy-to-Let Mortgages?

Blog Article

Yes—contractors can absolutely get buy-to-let (BTL) mortgages, and many do. Whether you're looking to invest in property for extra income or to build long-term wealth, there are specialist lenders who welcome applications from self-employed professionals like contractors.

The process is slightly different from residential mortgages, but with the right advice, it’s very achievable.

How Buy-to-Let Mortgages Work
A buy-to-let mortgage is designed for properties you intend to rent out, not live in. The key differences include:

Larger deposit requirements (typically 20–25%)

Mortgage is assessed based on the rental income potential, not just your personal income

Often interest-only, meaning lower monthly payments

What Lenders Look for in Contractors
Lenders are generally more flexible with buy-to-let mortgages than residential ones. Even if you're a contractor:

You don’t necessarily need a high salary—the rental income is key

Many lenders accept contract-based income, especially if you're in a high-demand profession

A clean credit history and sufficient deposit can help offset any income uncertainty

Some lenders may also require you to:

Own your main residence

Have a minimum income (usually £25,000+)

Limited Company Buy-to-Let for Contractors
Some contractors choose to purchase buy-to-let properties through a limited company (SPV). Benefits include:

Tax efficiency (especially with higher rental incomes)

Ability to separate personal and business finances

However, this setup has specific legal and tax implications—always speak with an accountant and broker before going this route.

How a Broker Can Help
Contractor mortgage specialists:

Understand which lenders cater to contractors for BTL

Can present your income in the most favourable way

Help you access exclusive deals not available on the high street

Final Thoughts
Buy-to-let is a smart way for contractors to build financial security beyond their day job. With the right guidance, you can start or grow your portfolio with confidence.

Contractor Mortgage Solutions is here to help you make it happen—step by step.