Coventry BS contractor mortgage criteria

Contractor day-rate income

Yes

Umbrella company income

Case-by-case

Limited-company director income

Case-by-case

Criteria	Verdict	Detail
Contractor day-rate income	Yes	— ×5×41 — the lowest multiplier on our panel; min £50k; 6mo left on contract or 24mo same-profession
Day-rate income	Yes	Min income: 50000 Note: Min annual income GBP50k via 'day rate x5 x41' calc; no separate day-rate GBP figure stated
Contract-based income (first-timer)	No	—
Umbrella company income	Case-by-case	—
Limited-company director income	Case-by-case	— PSC not meeting day-rate → standard self-employed
CIS income	Case-by-case	—
Fixed-term contract income	Case-by-case	—
Max LTV (standard)	Yes	up to 95% LTV Note: loan-size tiers: 95% <=GBP600k, 90% GBP600k-750k, 85% GBP750k-1m, 80% GBP1m-1.5m, 75% GBP1.5m-3m (headline standard purchase = 95%)

Source: lender intermediary criteria, every row verified on or since 2026-06-24 (most recent check 2026-08-19). Criteria change frequently — always confirm current policy with the lender or a broker.

This check doesn't yet use day-rate income — see the lender tables for how each lender works it out.

From our sister site Mortgage Affordability. Open the check in a new tab.