FAQs | Adverse Mortgage Advisors

How do lenders calculate income for a day rate contractor mortgage?

Most lenders multiply your daily rate by the number of working days in a week (usually 5) and then by 46–48 weeks to account for time off. For example, if you earn £400 per day, a lender may assess your annual income at around £92,000 (400 × 5 × 46). This allows contractors to demonstrate strong affordability.

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