Contractor Mortgages in Croydon

Specialist Mortgage Advice for Contractors, Freelancers & Consultants

If you’re a contractor looking for a mortgage in Croydon, South London, or Surrey, you may have already discovered that the process isn’t always straightforward.

Traditional lenders often struggle to assess contract-based income—but that doesn’t mean you can’t secure a competitive mortgage.

At MDFS Mortgages, we specialise in helping contractors access mortgage deals that reflect your true earning potential

Can Contractors Get a Mortgage?

Yes – contractors can absolutely get a mortgage.

The challenge is that many high street lenders treat contractors as self-employed, requiring:

• 2–3 years of accounts
• Consistent income history
• Traditional salary evidence

However, this approach doesn’t suit many contractors—especially those in IT, construction, or
consultancy.

The good news: specialist lenders will assess your day rate, contract value, and industry demand instead.

How Contractor Mortgages Work

Instead of focusing purely on your accounts, contractor-friendly lenders may calculate your income like this:

Day rate × days worked per week × weeks worked per year

For example: £400/day × 5 days × 46 weeks = £92,000 annual income

This can significantly improve your borrowing potential compared to a basic salary calculation.

Who We Help

At MDFS Mortgages, we support a wide range of contractor clients across Croydon and surrounding areas:

• IT Contractors & Developers • Construction & Trade Contractors • Freelancers & Consultants • NHS Locums & Professionals • Newly Self-Employed Contractors

Whether you’re just starting out or well-established, we can help you explore your options.

First-Time Buyer Contractors

If you’re a contractor buying your first home, you may feel at a disadvantage—but that’s not the case with the right support.

We help first-time buyer contractors with:

• Low deposit mortgage options • Lenders accepting short contract history • Clear guidance through the full process

Many of our clients across Croydon and South London secure mortgages sooner than they expected.

Recently Switched to Contracting?

If you’ve recently moved from permanent employment into contracting you may still be eligible even with a limited history.

Some lenders will consider:

• Your previous employed role • Your current contract • Your industry and earning potential

This is where working with a specialist broker makes all the difference

Remortgaging as a Contractor

If your current mortgage deal is coming to an end, it’s important to review your options.

We help contractors:

• Secure better interest rates • Reduce monthly repayments • Release equity for home improvements or investment

Even if your circumstances have changed, there may be more options available than you think.

Contractor Mortgages with Bad Credit

Credit issues don’t always mean the end of your mortgage plans. We work with lenders who take a more flexible approach, considering:

• The type and age of credit issues • Your current financial position • Your contract income

If you’re unsure where you stand, we can provide clear, confidential guidance.

Why Use MDFS Mortgages?

Based in Croydon, we provide tailored advice to contractors across London and the South East. When you work with us, you benefit from: • Access to contractor-friendly lenders • Expert knowledge of contract-based income • Personalised advice for your situation • Support from enquiry through to completion We understand contractor mortgages—because we arrange them every day. Local Expertise You Can Trust We proudly support clients across: • Croydon • South London • Surrey • Kent and surrounding areas Whether you’re buying your first home, moving, or remortgaging, we’re here to help. Book Your Free Contractor Mortgage Consultation

If you’re a contractor thinking about:

• Buying a property • Remortgaging • Understanding your borrowing power

We offer free, no-obligation consultations to help you get started. Speak to MDFS Mortgages today and get advice tailored to your situation.

      EXCELLENT  
   Based on 382 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Lee Gamble 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bill was absolutely fantastic and just what we needed. He is clearly experienced and showcased his wealth of knowledge every time we spoke to him. He was always calm and listened intently before providing the advice. We’d be lost without him and are so very grateful for his help. Couldn’t recommend him enough!
  
 
      Posted on Google  
   
   Olivia Basic 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bill is friendly and knowledgeable. He put us at ease throughout the mortgage process and was happy to talk us through lots of options, giving us strong recommendations and reasons for various pathways. Would definitely recommend!
  
 
      Posted on Google  
   
   sam rayman 
 
 
 
 Trustindex verifies that the original source of the review is Google. I cannot recommend Bill Divall highly enough. Throughout the entire process, Bill was honest, proactive, and exceptionally helpful. He took the time to explain every detail clearly, ensuring I fully understood my options without ever feeling pressured or influenced. His organisation and attention to detail were outstanding. He kept everything on track, communicated promptly, and provided clear, accurate information at every stage. What impressed me most was his impartial and unbiased approach—he genuinely focused on finding the best solution for my circumstances rather than pushing a particular product. Bill's professionalism, knowledge, and dedication made what could have been a stressful process feel straightforward and manageable. I would highly recommend Bill Divall to anyone looking for a trustworthy, knowledgeable, and reliable mortgage adviser.
  
 
      Posted on Google  
   
   Matthew Woodhill 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bill has, as usual, been incredibly helpful. His advice is always straight down the line, pragmatic, and always has our best interests in mind. He is proactive and incredibly knowledgable. There’s no one we’d rather handle our mortgage application.
  
 
      Posted on Google  
   
   Daniel Vaughan 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have been a client of Terry Massey and MDFS for more than 15 years, and throughout that time the service has been consistently exceptional. Terry has supported me through multiple mortgage applications and remortgages, always providing clear, honest, and professional advice tailored to my cirumstances. What sets Terry and the MDFS team apart is their commitment to customer service. They take the time to explain every option, keep you informed throughout the process, and ensure everything progresses smoothly from start to finish. The knowledge of the mortgage market is outstanding, and i have always felt confident that i was receiving the best possible advice. The entire experience is seamless, stress-free, and delivered with genuinely personal touch. It is reassuring to have adviser who is always available to answer questions and provide guidance whenever needed I would not hesitate to recommend Terry and MDFS to anyone looking for mortgagr or financial advice. After 15 years of excellent service, they continue to deliver a truley five-star experience.
  
 
      Posted on Google  
   
   Angelika Slon 
 
 
 
 Trustindex verifies that the original source of the review is Google. I do not normally leave feedback, but this time I felt it is well deserved. Mortgages can be confusing and the process can be very time-consuming, but thankfully Bill was there, guiding me every step of the way. Thank you for your professionalism and a great customer care.
  
 
      Posted on Google  
   
   Jake Barnes 
 
 
 
 Trustindex verifies that the original source of the review is Google. ⭐⭐⭐⭐⭐ Excellent service from start to finish. Terry at MDFS was professional, knowledgeable, and always available to answer my questions. They made the whole process smooth and stress-free. I highly recommend their services and would not hesitate to use him again.
  
 
      Posted on Google  
   
   Saud Khan 
 
 
 
 Trustindex verifies that the original source of the review is Google. Terry is very knowledgeable, polite and super helpful. He always finds time to help and guide you in every step of the mortgage selection/paperwork. I've done 2 remortgages via him and I'm pretty sure I'll come back to him again.
  
 
      Posted on Google  
   
   Kieran Wickham 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bill is great and very insightful! super recommended
  
 
      Posted on Google  
   
   Alexa Burns 
 
 
 
 Trustindex verifies that the original source of the review is Google. Terry has been amazing to work!  since 2019, he has successfully secured several mortgage deals for me with great professionalism. Amazing service overall, thanks Terry!

Ready to review your mortgage?

If your mortgage deal is coming to an end, a short conversation could help you avoid higher payments and unnecessary stress.

Get in touch today to arrange a free, no‑obligation mortgage review.