Santander is a mainstream lender with a genuinely contractor-friendly reputation, including for locums and for remortgage cases. It reads day-rate contract income sensibly and competes on pricing for the well-established contractor.
| 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 | Direct & intermediary |
Santander has a locum-friendly reputation, assessing sessional and locum income sensibly within its contractor approach. Exact requirements are confirmed live at application.
On a day-rate basis for qualifying contractors, reading the contract rather than relying solely on accounts.
Yes — it's a common choice for contractor remortgages, particularly with an established history. Terms are confirmed at application.
Yes to both, with appropriate income evidence for each structure.
Assessed case by case; a strong professional background helps. We'll confirm the live position for you.
Speak to our contractor mortgage specialists to check live Santander rates and verify your borrowing capacity.