Set out the contract
Share the role, rate, contract dates and payment structure.
Jack Cousins · Contractor mortgages
A day rate needs more than a quick multiplication.
Discuss your contract, working pattern, history and mortgage plans. Jack helps organise the evidence behind the income you want a lender to consider.
07456 935677 · jack@lockhartmurphy.com
Mortgage and protection advice is provided through Mortgage Force (UK) Ltd. Scope, eligibility and any fees are discussed before proceeding.
Your home or property may be repossessed if you do not keep up repayments on your mortgage or other loans secured upon it.
A useful starting pointPut the right details
Put the right details
on the table.
Begin with an outline. Jack will explain what needs a closer look and which documents would be useful next.
Explain continuity
Previous work, renewals and gaps help establish the wider picture.
Check the real commitments
Income is one part of the assessment, alongside spending, credit and the property.
Your next stepTell me where
Tell me where
you’re starting.
A short outline is enough for the first conversation. Please leave out passports, account numbers and sensitive documents.
Useful things to have in mind
- Current and previous contracts
- Day or hourly rate
- Renewal and gap history
- Payslips or accounts and bank statements
Jack Cousins
Head of Mortgages
Lockhart Murphy
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Can I borrow using my day rate?
Possibly, depending on the lender and contract circumstances. A day-rate calculation is not itself a lender decision or affordability assessment.
There is no promise of a mortgage, rate or timescale. Each case depends on the lender’s assessment and the complete circumstances.
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