Lender Criteria Guide

NatWest for Contractors — Criteria & Approach

NatWest combines contractor-aware income assessment with strong loan-to-value reach, making it a frequent choice where the deposit is the binding constraint rather than the income. It reads day-rate contract income sensibly and sits firmly in the mainstream-pricing tier.
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Criteria at a glance

Quick summary of NatWest’s standard underwriting policy for day-rate contractors and independent professionals.
Criteria at a glance
Criteria Requirement Assessment Policy
Income basis Day rate–based assessment
Day-one lending Case-by-case
Minimum history Standard
IR35 (inside) stance Contractor-friendly assessment
Umbrella accepted Yes
Limited company Yes
Gaps between contracts Standard
Adverse credit Clean credit preferred
Underwriting Hybrid
Broker access Direct & intermediary

Is NatWest right for you?

Best suited to

  • Contractors needing higher loan-to-value where deposit is tight
  • Day-rate contractors with a reasonable contracting or professional history
  • Those wanting mainstream pricing from a major high-street name

Watch-outs

  • History expectations are more standard than the day-one specialists
  • Adverse credit is better served elsewhere

Frequently asked questions

NatWest is known for competitive LTV reach, which can help where the deposit is the constraint. The exact maximum LTV is confirmed live at application, as it changes with product and profile.
On a day-rate basis for qualifying contractors, reading the contract rather than relying solely on accounts. Documentation is confirmed at application.
It's assessed case by case — a strong professional background helps. We'll confirm the live position for your circumstances.
Yes to both, with appropriate income evidence for each structure.
It prefers clean credit; adverse cases are usually better matched to specialist lenders. We'll triage the right tier.

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