Lender Criteria Guide

Bank of Ireland for Contractors — Criteria & Approach

Bank of Ireland, through its Bespoke range, is one of the clearest day-one contractor lenders in the market — no minimum contracting history and no minimum contract length, assessed against a defined set of rules. It’s a go-to for the newly contracting professional.

Criteria at a glance

Assessment Policy Table
Criteria Requirement Assessment Policy
Income basis Day rate × 5 × 46 weeks
Day-one lending Yes
Minimum history None required
IR35 (inside) stance Contractor-friendly assessment
Umbrella accepted Yes
Limited company Yes
Gaps between contracts Flexible
Adverse credit Clean credit preferred
Underwriting Hybrid
Broker access Intermediary

Is Bank of Ireland right for you?

Best suited to

Watch-outs

Frequently asked questions

Yes — its Bespoke range is a leading day-one option, with no minimum contracting history and no minimum contract length, assessed against defined rules. Exact terms are confirmed live at application.

On the day rate, annualised as rate × 5 × 46 weeks, using the current contract as evidence rather than requiring accounts.

Its Bespoke approach has no minimum contract length for qualifying contractors. Specifics are confirmed at application.

Yes to both, with appropriate evidence for each structure.

Its Bespoke contractor lending is accessed through intermediaries — as a whole-of-market broker we can place cases with it.

Get Whole-of-Market Advice Today

Speak to our contractor mortgage specialists to check live Bank of Ireland rates and verify your borrowing capacity.