New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Financial Services > Mortgages > Questions > Employment contract

Type of employment contract

Whereas a permanent contract with a stable fixed salary is the most attractive arrangement for lenders, short term contracts, employment through agencies, commission-based salary structures, and self employment will not necessarily mean you are excluded from borrowing, although it may be harder.

If your salary includes large amounts of commissions or bonuses, some lenders will only count your basic wage, whereas others will consider your OTE (on target earnings), but may not offer you such attractive rates. Self employed people can usually expect to need to provide between 1 and 3 years' accounts history, although the bank where you hold your current account may be more accommodating.

<< Back: Credit score question

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.

Free mortgage quoteFree Mortgage Quote

Mortgages in Scotland Mortgages in Scotland

Equity releaseEquity Release

  • Unlock equity in your home.

Switching mortgagesSwitching Mortgages

Home reversion plansHome Reversion Plans

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover

Mortgage Newsletter