Lender Criteria Guide

Skipton Building Society for Contractors — Criteria & Approach

Skipton pairs manual underwriting with its Track Record proposition — a route that can offer up to 100% loan-to-value based on a demonstrable history of paying rent, which is powerful for renting contractors with thin deposits. A strong mutual option for first-time buyers especially.

Criteria at a glance

Assessment Policy Table
Criteria Requirement Assessment Policy
Income basis Day rate / manual assessment
Day-one lending Case-by-case
Minimum history Flexible
IR35 (inside) stance Contractor-friendly assessment
Umbrella accepted Yes
Limited company Yes
Gaps between contracts Standard
Adverse credit Mild considered
Underwriting Manual
Broker access Direct & intermediary

Is Skipton Building Society right for you?

Best suited to

Watch-outs

Frequently asked questions

A route that can offer up to 100% loan-to-value based on a demonstrable record of paying rent in full and on time — useful for renters who can afford a mortgage but haven't saved a deposit. Qualifying criteria are confirmed live at application.

Yes — contract income is assessed on its merits, with the rental record supporting the deposit-free approach. Specifics are confirmed at application.

Yes — it reads cases manually, which helps non-standard and explainable contractor profiles.

Yes to both, with appropriate income evidence for each structure.

Yes — particularly via Track Record for those with a strong rental history and modest deposit.

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