| Criteria Requirement | Assessment Policy |
|---|---|
| Income basis | Contract / day rate–based assessment |
| Day-one lending | No — history expected |
| Minimum history | Standard |
| IR35 (inside) stance | Assessed via contract income |
| Umbrella accepted | Case-by-case |
| Limited company | Yes |
| Gaps between contracts | Standard |
| Adverse credit | Clean credit preferred |
| Underwriting | Hybrid |
| Broker access | Direct & intermediary |
Yes — TSB considers contractor income within a conventional high-street framework, best suited to established contractors with a clean profile. Exact terms are confirmed live at application.
It considers contract income for qualifying contractors, though its approach is more conventional than the pure day-rate specialists. We compare it against day-rate lenders.
It generally expects a contracting or professional history, so newer contractors are often better matched to day-one specialists. We'll advise.
Yes, with appropriate income evidence. Umbrella cases are considered on their merits.
It prefers clean credit; adverse cases are usually better served by specialist lenders.
Speak to our contractor mortgage specialists to check live TSB rates and verify your borrowing capacity.