As a contractor, you might earn significantly more than permanent colleagues in similar roles. Yet when it comes to getting a mortgage, you face completely different rules. Understanding these differences could save you thousands. How Lenders View Your Income Differently Income Verification Permanent employees: Show 3-6 months of payslips
"Engineering Contractor Mortgages: How Project-Based Workers Qualify"
Key Advantages for Engineering Contractors Offshore/Day Rate Premiums Counted at Full Value Many engineering consultants command higher rates for hazardous or remote work (e.g., oil rigs, nuclear plants). Specialist lenders assess these premiums at 100% value, rather than applying discounts like high-street banks. Example: A £650/day of