We recognise that flexibility is key for contractors
Britain’s freelancer and contracting industry is booming like never before. A study, commissioned by the Professional Contractors Group in June, found that there are now 1.4 million freelancers alone in the UK – that’s a 14% growth over the past 10 years.
Whilst being a contractor can offer flexibility and independence, it can however, also mean uncertainty, especially when buying a home.
How can Principality help your contractor clients?
- We accept day rate contractors, temporary and fixed term contracts, as well as labour only sub-contractors as suitable sources of income and affordability, with 2 years of industry experience required*
- We don’t exclude first time contractors as we won’t ask for a history of contracts*
- We consider labour only sub-contractor applications where applicants have been contracted to no more than 2 employers in the last 12 months, we do ask for 1 year’s accounts*
- For day rate contractors, we only ask for a copy of the latest contract which needs to evidence annual income of over £50,000. We easily calculate your clients income by using daily rate x days worked x 48 weeks*
Get in touch
If you have a case you think we can help with, call our intermediary desk BDM team on 0330 333 4021 or visit our website for further information.
*subject to lending criteria and affordability
