| Criteria Requirement | Assessment Policy |
|---|---|
| Income basis | Day rate–based assessment |
| Day-one lending | Case-by-case |
| Minimum history | Standard |
| IR35 (inside) stance | Contractor-friendly assessment |
| Umbrella accepted | Yes |
| Limited company | Yes |
| Gaps between contracts | Standard |
| Adverse credit | Clean credit preferred |
| Underwriting | Hybrid |
| Broker access | Intermediary |
Yes — its regional depth across Wales and the borders is a genuine asset on valuation and local knowledge, alongside pragmatic contractor criteria. Exact terms are confirmed live at application.
Yes — lending extends across England and Wales; the Welsh depth is an advantage, not a boundary.
On a day-rate basis for qualifying contractors, reading the contract rather than relying solely on accounts.
Yes to both, with appropriate income evidence for each structure.
It prefers clean credit; adverse cases are usually better matched to specialist lenders.
Speak to our contractor mortgage specialists to check live Principality Building Society rates and verify your borrowing capacity.