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.