The Mortgage Lender (TML) is purpose-built for the self-employed and contractors, reading complex income and imperfect histories as the design case rather than the exception. Its flexible income views — including latest-year and net-profit routes — can surface more borrowing than a rigid two-year average, particularly for a growing business. This guide covers how it assesses income and where it fits.
Approach is stable; figures are confirmed at application.
For a contractor-director whose income is rising, a lender that averages two years of figures undervalues the current position. TML offers flexible income views — it can, for the right case, use the latest year rather than an average, or assess salary plus net profit rather than salary plus dividends — which better reflects a growing business’s real earning power. For the day-rate contractor, it reads the contract sensibly too. That flexibility, applied as the design case rather than a grudging exception, is TML’s core value. Specifics are confirmed at application.
For day-rate contractors, TML annualises the contract in the standard way:
Day rate x 5 days x 46 weeks = assessed annual income
A £550 day rate assesses at £126,500; at a standard 4.5x that is around £569,000 of indicative borrowing — illustrative, and dependent on your circumstances and TML’s live criteria. Where the case is accounts-led, the flexible income views can lift the figure above a rigid average.
A typical application is built around the current contract or the accounts, work history, bank statements and proof of deposit and identity. TML considers moderate credit imperfection; the deepest adverse belongs with rehabilitation specialists. Its sweet spot is the self-employed contractor or director — especially a growing one — who benefits from a latest-year or net-profit read, or who has a moderate credit wrinkle.
Illustrative only. TML’s flexible income views can lift the accounts figure; day-rate cases use the 5 x 46 method and a typical 4.5x multiple.
Decide the income basis first: for a clean day-rate contractor, lead with the contract; for a director whose business is growing, TML’s latest-year or net-profit views may surface more than a two-year average, so present the accounts that show the trajectory. Matching the evidence to the route is what unlocks the flexibility.
Where there is a moderate credit blip, present it honestly so TML can place it within its appetite rather than querying it late.
TML suits the self-employed contractor or director — especially a growing one — who benefits from a latest-year or net-profit read, or who has a moderate credit wrinkle. Purpose-built for the self-employed, it treats complex income as the design case, not the exception.
It suits you less well if you are a clean, mainstream day-rate case (a high-street lender may be cheaper) or have deep adverse needing a rehabilitation specialist.
Yes — it is purpose-built for self-employed and contractors, reading complex income as the design case. Exact terms are confirmed at application.
It offers flexible income views, including latest-year and net-profit routes for the right case, which can surface more capacity for growing businesses. Specifics are confirmed at application.
Moderate imperfection sits within its appetite; the deepest adverse belongs with rehabilitation specialists. We triage the right tier.
On the day rate annualised as rate x 5 x 46 for day-rate contractors, or via flexible income views for accounts-led cases, read to reflect the real earning picture.
Yes to both, with appropriate income evidence for each structure.
Its pricing sits above the mainstream, reflecting the flexibility. Where the profile will mature we plan the mainstream remortgage exit.
For the right case, yes — TML offers flexible income views, including using the latest year rather than a two-year average, or salary plus net profit rather than salary plus dividends. For a growing business that can surface more borrowing than a rigid lender allows. The available basis is confirmed at application.
Yes — it considers moderate credit imperfection within its appetite while still assessing income flexibly. The deepest adverse belongs with a rehabilitation specialist, but a moderate, explainable blip on a strong self-employed case is well within TML’s range.
Want to know whether The Mortgage Lender is the right lender for your contract — or which lender is? As a whole-of-market brokerage we compare The Mortgage Lender against the rest of the market and confirm live criteria for your circumstances before you apply.