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.
Lower-fee and fee-free products help reduce total borrowing costs.
Flexible mortgage options for both home purchases and refinancing.
Mutual ownership supports fair pricing without loyalty penalties.
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.