
Fixed Term Contracts
Fixed-Term Contract Mortgages – Secure the Right Mortgage for Your Employment Type
If you're a fixed-term contract worker, getting a mortgage can seem more complex than it is for permanent employees. Many lenders misunderstand non-traditional employment types, making it harder to secure the right deal. However, the good news is that specialist mortgage lenders recognise fixed-term contracts and offer competitive mortgage options tailored to your circumstances.
At J Finance, we specialise in mortgages for fixed-term contract workers, ensuring your income, work history, and future employability are assessed fairly—giving you access to the best mortgage rates and borrowing potential.
Can Fixed-Term Contract Workers Get a Mortgage?
Yes! Fixed-term contract workers can qualify for a mortgage, but eligibility depends on factors such as:
✔ Length of current contract – Some lenders require at least 6-12 months remaining on your contract, while others accept shorter terms.
✔ Employment history – Having a track record of contract renewals or steady employment improves approval chances.
✔ Time in industry – If you've worked in your field for at least 12 months, lenders are more likely to approve your mortgage.
✔ Gaps between contracts – Short breaks between contracts are usually acceptable, but long gaps may require additional explanations.
✔ Deposit size – A higher deposit (10%+) can improve mortgage options, though some lenders accept as little as 5%.
Even if you don’t meet all of these criteria, there are still mortgage options available. J Finance works with high-street and specialist lenders who understand the nature of fixed-term contracts.
How Do Mortgages for Fixed-Term Contract Workers Work?
✔ Income Assessment Based on Contract Terms – Some lenders use your daily rate or annualised contract income rather than PAYE payslips.
✔ Flexibility on Employment Gaps – Lenders will consider your industry experience and contract renewal history, rather than rejecting applications outright due to breaks between contracts.
✔ Access to Competitive Interest Rates – Fixed-term contract workers don’t have to pay higher rates; the key is choosing a lender who understands your employment type.
✔ Options for Short-Term & Long-Term Contracts – Whether you’re on rolling contracts, fixed-term roles, or project-based work, we match you with the best lender.
Benefits of a Fixed-Term Contract Mortgage
✔ Fair Income Assessment – Lenders who understand contract-based earnings can offer higher borrowing potential.
✔ More Lender Options – Specialist mortgage providers cater specifically to fixed-term workers.
✔ Variety of Mortgage Products – Choose from fixed-rate, variable-rate, and interest-only mortgage options.
✔ Future Contract Considerations – If your contract is likely to be renewed, lenders may offer more flexibility.
Why Choose J Finance?
✅ Expert Mortgage Advice for Fixed-Term Workers – We specialise in securing mortgages for contractors, freelancers, and professionals in non-traditional employment.
✅ Access to Specialist Lenders – We compare high-street banks, building societies, and specialist lenders to find the best deal.
✅ Maximising Your Borrowing Potential – We help ensure your contract rate is used correctly for affordability assessments.
✅ Hassle-Free Process – From finding the right mortgage to managing paperwork, we handle everything for you.
✅ Ongoing Support – We assist you before, during, and after your mortgage application to ensure long-term financial stability.
Get Expert Mortgage Advice for Fixed-Term Contract Workers
If you’re a fixed-term contract worker, securing a mortgage doesn’t have to be difficult. The key is choosing the right lender who understands your employment structure.
📞 Contact J Finance today for a free, no-obligation consultation and let us help you find the best mortgage options for your situation.
We are happy to hold meetings remotely or our advisers are based all over the UK in locations such as Berkshire, Oxfordshire, Hertfordshire, Bedfordshire, Yorkshire, Derbyshire and London.