Hodge Bank

100% of contractor income, whatever the structure

Day rate, umbrella, CIS, fixed-term — Hodge assesses the full income across every structure, including first-time contractors. No haircuts, no exclusions, just the whole of what you actually earn.
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The 100%-of-Income Principle

Lender income frameworks leak value through partial counting — percentage haircuts on variable income, taxable-pay assessment of umbrella workers, net-figure treatment of CIS. Hodge's framework is built the other way: the full gross income of each structure, properly evidenced, is the assessable figure.

On identical earnings, the difference between full and partial counting routinely runs to tens of thousands of pounds of borrowing capacity — putting Hodge at or near the top of the income comparison table with remarkable consistency.

Income counted
Full gross figure 100%
Structures covered
Umbrella, CIS & day rate 95%
Borrowing capacity uplift
Tens of thousands of pounds 90%
Position on the income table
At or near the top 97%

Umbrella workers — assessed on the assignment rate

Hodge assesses umbrella contractors on the gross assignment rate — the top line of the payslip cascade, before employer’s NI, margin and holiday treatment — provided the rate is evidenced through schedules or confirmations. For the umbrella worker quoted depressing figures by taxable-pay lenders, the Hodge comparison is frequently transformative.

CIS contractors the grossed-up assessment

CIS contractors at Hodge are assessed on grossed-up income from deduction statements — the pre-deduction figure that represents actual earning capacity, not the net amount that lands after the 20% or 30% withholding. Twelve months of CIS statements with corroborating bank credits is the standard evidence base, and the full-income principle does the rest.

First-time and fixed-term contractors

Hodge extends the framework to first-time contractors — the day-one transition case, with the employed career providing continuity — and to fixed-term contract workers, whose defined end dates trigger discounting at calendar-anxious lenders. Renewal history and sector demand are read sensibly; the FTC structure itself is not penalised.

Alongside Bank of Ireland Bespoke and Aldermore, this places Hodge in the standing day-one comparison — distinguished within that trio by the structural breadth of the 100% principle.

Beyond contractors the later-life dimension

Hodge supports experienced contractors planning longer careers, combining contractor-friendly underwriting with flexible lending for borrowers approaching or beyond traditional retirement age.

Pricing, process and the file

Specialist pricing applies, positioned with the flexible-specialist tier rather than the mainstream leaders — the premium buying the full-income principle and the structural breadth. Files are packaged for evidencing: the gross rate or grossed-up figure documented at source, the structure paperwork complete, the career narrative attached where day-one or FTC cases need it. The standard exit planning applies: Hodge now, mainstream comparison at the first remortgage.

Is Bank of Hodge The Right Contractor Mortgage Lender For You?

The full gross income of each contractor structure — day rate, umbrella assignment rate, grossed-up CIS — is the assessable figure, without the haircuts and partial counting that leak value at rival frameworks. On identical earnings, full counting routinely produces tens of thousands more borrowing capacity.

On the gross assignment rate — the pre-deduction top line — evidenced through schedules or confirmations. For umbrella workers quoted on taxable pay elsewhere, the Hodge figure is frequently transformative, which is why it anchors our umbrella comparisons.

Yes, on grossed-up income from CIS deduction statements — the pre-withholding figure that reflects actual earnings. Twelve months of statements with corroborating bank credits is the standard evidence base.

Yes — the framework extends to day-one contractors with the employed career providing continuity, placing Hodge in the standing day-one comparison alongside Bank of Ireland Bespoke and Aldermore. Within that trio, Hodge is distinguished by the structural breadth of its full-income principle.
No — FTC workers are assessed within the framework with renewal history and sector demand read sensibly, rather than discounted for the end date. The structure itself carries no penalty.
Specialist-tier pricing applies — above the mainstream leaders, buying the full-income principle and breadth. Where Hodge’s assessed income materially exceeds the alternatives, the larger capacity usually outweighs the rate gap; we quantify both sides and plan the mainstream remortgage exit from the outset.