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This content is for intermediary use only. If you're a mortgage customer, please
click here.
We consider complex, varied and non-traditional income to give a fairer view of affordability.
We use recent CIS earnings to reflect true income, helping more contractor clients qualify.
Support for limited trading history, fluctuating income and more complex financial profiles.
Human decisions on every case, giving clearer outcomes for clients who don’t fit the standard criteria.
Self-employed clients and contractors don’t always fit a standard mould and they shouldn’t be held back for it. That’s why we take a flexible, case-by-case approach to affordability, looking beyond salary alone to consider dividends, profit shares, and other forms of income.
We support a wide range of contractors, including limited company owners, CIS and zero-hours workers. We’ll also consider first-time contractors with at least 24 months’ experience in a similar role.
With lending available up to 95% LTV, loan-to-income multiples up to 6x, and a team of dedicated residential specialists, we help you unlock more opportunities for clients who need a mortgage tailored to their circumstances.
Helping more of your clients find a mortgage that fits.
Our BDMs and underwriting teams work closely with you throughout the process.
Every case is manually underwritten to ensure we understand your client’s full story.
We accept clients with 12 months on the CIS scheme, or 24 months’ relevant experience if they’re new to CIS.
We calculate affordability over 52 weeks, considering 12 months’ income for professionals and 2 years at the same employer for non-professionals.
Up to 90% LTV with only 1 year’s accounts, or up to 95% LTV with 2 years’ accounts.
Up to 6 x LTI available for eligible borrowers to support stronger affordability.
For company directors with 2 years’ accounts, we’ll work off the latest year, using the highest of either salary + dividends OR salary + share of net profit.
Contractor income calculated using the average weekly pay from the latest 3 months × 46 weeks. Boosting affordability for clients with variable earnings.
Every case is manually reviewed, giving clients real decisions based on real circumstances.
We support a wide range of complex income types from multiple income sources to help you find the right fit for your clients.
We accept clients with 12 months on the CIS scheme, or 24 months’ relevant experience if they’re new to CIS.
We calculate affordability over 52 weeks, considering 12 months’ income for professionals and 2 years at the same employer for non-professionals.
Up to 90% LTV with only 1 year’s accounts, or up to 95% LTV with 2 years’ accounts.
Up to 6 x LTI available for eligible borrowers to support stronger affordability.
For company directors with 2 years’ accounts, we’ll work off the latest year, using the highest of either salary + dividends OR salary + share of net profit.
Contractor income calculated using the average weekly pay from the latest 3 months × 46 weeks. Boosting affordability for clients with variable earnings.
Every case is manually reviewed, giving clients real decisions based on real circumstances.
We support a wide range of complex income types from multiple income sources to help you find the right fit for your clients.
The Challenge
James, a self-employed builder on the Construction Industry Scheme (CIS), wanted to buy his first home. With variable income, a small deposit, and income coming through salary and dividends, traditional lenders struggled to offer him a mortgage.
How Aldermore Helped
We assessed James’ income flexibly, looking at salary, dividends, and overall business stability.
With lending up to 95% LTV and loan-to-income multiples up to 6x, we provided a solution tailored to his circumstances. Our residential specialists guided him through the process, ensuring all CIS and business documentation was captured accurately.
The Outcome
James secured his mortgage and bought his first home. By assessing his case on its own merits, Aldermore made it possible for a self-employed client to achieve homeownership where others could not.
This case study is not based on real life events, and all applications will be assessed on a case-by-case basis.
The Challenge
James, a self-employed builder on the Construction Industry Scheme (CIS), wanted to buy his first home. With variable income, a small deposit, and income coming through salary and dividends, traditional lenders struggled to offer him a mortgage.
How Aldermore Helped
We assessed James’ income flexibly, looking at salary, dividends, and overall business stability.
With lending up to 95% LTV and loan-to-income multiples up to 6x, we provided a solution tailored to his circumstances. Our residential specialists guided him through the process, ensuring all CIS and business documentation was captured accurately.
The Outcome
James secured his mortgage and bought his first home. By assessing his case on its own merits, Aldermore made it possible for a self-employed client to achieve homeownership where others could not.
This case study is not based on real life events, and all applications will be assessed on a case-by-case basis.
Aldermore is giving you and your contractor clients more choice and flexibility, so they can access the mortgage they need.
Contractors in the UK are a pretty diverse bunch, from locum doctors to IT professionals and supply teachers, contractors work under many different structures and arrangements. This means their finances don’t always neatly fit into either a standard employed or self-employed underwriting approach. At Aldermore, we don’t believe this makes them unsuitable for a mortgage.
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IF YOUR CLIENT FAILS TO KEEP UP PAYMENTS ON THEIR MORTGAGE THEIR PROPERTY MAY BE REPOSSESSED.
