Sector restrictions are one of contractor lending's quieter filters — policies written around the IT contractor archetype that handle the locum vet, the rope-access technician or the interim HR director awkwardly or not at all. Coventry's policy applies across sectors without carve-outs, which means the unusual profession is assessed on the same contract arithmetic as the usual one.
For our profession-spread client base — the 26 professions this site serves individually — that breadth makes Coventry a standing comparison for the cases other policies were not written to imagine.
Qualifying contractors are assessed on contract-derived income with the gross rate annualised, across limited company, umbrella and agency structures, inside and outside IR35. The calculation mechanics and history expectations sit in the pragmatic mainstream — not a day-one welcome, but a solid middle that most working contractors clear.
Clean credit is the firmer expectation: Coventry’s appetite is for the tidy file, and meaningful adverse history is better placed with the specialists from the outset.
Contractors with a strong credit profile benefit from Coventry's competitive rates and consistent underwriting.
No sector restrictions mean contractors are assessed on their income, not their profession.
Fee-free and lower-fee products can deliver better overall value, particularly on smaller borrowing amounts.
Coventry combines competitive mutual pricing with contractor-friendly products, offering long-term value alongside attractive mortgage rates.
Strong pricing across purchase and remortgage products.
Umbrella and inside IR35 contractors run on evidenced gross assignment rates, with the standard packaging discipline: schedules and rate confirmations from the outset. The sector-blind policy extends here too — the umbrella supply teacher and the umbrella IT contractor are read on the same arithmetic.
The standard contractor pack applies: current contract with gross rate, work history, bank statements, identity and deposit evidence, with structure-specific confirmations where relevant. Coventry’s intermediary processing is steady and predictable on clean files — which, given the clean-credit appetite, describes most of the files that should be going there.