Oil and gas contractors — offshore on platforms, FPSOs and drillships, or onshore in refineries and processing plants — are among the UK’s highest earners, with day rates often reaching £700–£1,500. Yet standard lenders often undervalue this income due to offshore rotation patterns and irregular payments.
We match you with lenders who understand offshore rotation working, assess irregular income correctly, and accommodate the global mobility of energy sector careers.
Offshore rotations, day rate contracts and international assignments require lenders who understand how the energy sector works. We help ensure your income is assessed accurately.
We work with lenders who understand offshore working patterns and assess income over the full earning period—not just monthly payments.
Whether you're paid a day rate or on a rotational schedule, we present your income in the way specialist lenders expect.
We match your application with lenders experienced in offshore and onshore contractor mortgages.
Using the right assessment method helps ensure your mortgage reflects your actual earning capacity.
Onshore oil and gas contractors — working at refineries, LNG terminals, pipeline projects or upstream production facilities — typically work standard day rate contracts and are assessed in the same way as other engineering contractors. Day rate annualisation applies as usual.
The main consideration for onshore contractors is often contract continuity — some energy projects are long and stable, while others are short-duration turnaround or maintenance contracts. We identify lenders most flexible about contract length for energy sector work.
From offshore specialists to highly skilled technical contractors, we understand the income structures and working patterns common across the oil and gas industry.
A significant proportion of UK offshore oil and gas contractors are based in or around Aberdeen. Most specialist contractor lenders operate across the whole of the UK including Scotland, so geographic location is not a limiting factor. We work with lenders who are comfortable with North Sea contract structures and offshore employment terms.
Oil and gas contractors who work internationally — in the Middle East, West Africa, South America or Southeast Asia — may receive income in foreign currency or through offshore structures. UK-resident contractors who are paid in USD or AED into a UK bank account can generally have that income assessed in sterling equivalents by specialist lenders.
For contractors with complex international income structures, we advise on the most appropriate lender and how to present the income documentation effectively.
Yes — specialist lenders understand offshore rotation patterns and assess income on an annual averaged basis. Three to six months of bank statements showing the rotation payment pattern are typically sufficient. We identify lenders most experienced with offshore income patterns.
UK-resident contractors who work internationally but maintain a UK tax residence and bank account can generally access the UK mortgage market. The key is demonstrating UK residency and providing income documentation in sterling. We advise on the specific requirements based on your residence and income structure.
Not directly — your mortgage affordability is assessed on your current day rate and contract, not on energy market conditions. If your contract has been terminated due to a downturn, your mortgage options depend on your remaining contract status and cash reserves.
FPSO and drillship contracts vary in structure — some contractors are directly employed, others are supplied through crewing or staffing agencies. The key for mortgage purposes is documenting your day rate or salary clearly and demonstrating income receipt through bank statements. We advise on the specific documentation approach for your contract structure.
Yes — BTL mortgages are available to oil and gas contractors on the same basis as residential mortgages, with the primary affordability test being rental income coverage. Contractor income is accepted for the personal income requirement where it applies. We advise on BTL strategy alongside the primary residential mortgage for energy sector clients.