Contractor day-rate income
Yes
Umbrella company income
Case-by-case
Limited-company director income
Yes
| Criteria | Verdict | Detail |
|---|---|---|
| Contractor day-rate income | Yes | — ×5×46, pro-rated for gaps >4wk; 12mo history + 2yr experience |
| Day-rate income | Yes |
|
| Contract-based income (first-timer) | No | — |
| Umbrella company income | Case-by-case | — Not addressed — confirm |
| Limited-company director income | Yes | — Sole or spouse shareholder |
| CIS income | Case-by-case | — |
| Fixed-term contract income | Case-by-case | — |
| Max LTV (standard) | Case-by-case | — Not confirmed for contractor/day-rate lending — the 100% figure on Skipton's general residential criteria page appears to be cross-contamination from its unrelated Track Record guarantor new-build product, not a contractor-route LTV cap. Confirm directly against Skipton's self-employed/contractor criteria before relying on any figure. |
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.
Adviser's view
Skipton contractor mortgage criteria at a glance
- Income basis: day rate × 5 days × 46 weeks, pro-rated where gaps exceed 4 weeks
- Track record: 12 months contracting + 2 years in the field
- Limited company directors: accepted, incl. sole director or spouse shareholder
- CIS: referral only · Umbrella / fixed-term: not published — confirm
- Not accepted: contractors moving straight into a first contract
- Maximum LTV: not clearly published for this route — confirm case-by-case
Skipton takes a fairly generous view of day-rate contracting, using the standard five-times-forty-six-week calculation with income pro-rated where gaps between contracts run longer than four weeks. It asks for twelve months' contracting history plus two years' experience in the field, which is a workable bar for anyone reasonably established but not the most flexible on our panel for newer contractors.
Limited company directors are accepted on the day-rate route, including sole directors or those with a spouse as shareholder. CIS income is accepted only on referral rather than as a standard case, and umbrella company treatment and fixed-term contract policy aren't clearly set out in published criteria, so both are worth confirming directly rather than assuming. Skipton also doesn't accept contractors moving straight into a brand-new contract with no history behind them.
Maximum loan-to-value for the contractor route specifically isn't clearly confirmed in published criteria — treat any headline LTV figure with caution and get it confirmed case-by-case with Skipton before relying on it, alongside the rest of the positions in the table above.
FAQ
Does Skipton do contractor mortgages?
Yes — day rate × 5 × 46 weeks, pro-rated where gaps between contracts exceed four weeks. It asks for 12 months' contracting history plus two years' experience in the field, and won't take contractors moving straight into a first contract.
Does Skipton accept limited company contractors?
Yes, on the day-rate route, including sole directors or those with a spouse as the only other shareholder. CIS is referral-only, and umbrella and fixed-term policy aren't published — confirm both directly before applying.
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.