Links Property Finance · Mortgage broker for every income type, Sydney: Home Loans for Contractors and Consultants

Yes, and often on ordinary terms. The variable is the lender: some assess an experienced contractor much like a salaried employee where there is a track record in the same field, while others apply a discount or decline the income type.

With two years of history in your industry and a current contract, the more accommodating lenders are usually available.

Two years in the same line of work is the common threshold for the fullest treatment, and continuity across different employers or clients generally counts toward it.

Shorter histories are workable at some lenders where the deposit is solid and the rest of the file is clean, though the list narrows.

Not with a lender that understands contracting, where short gaps between engagements are expected. They are a genuine problem at lenders whose policy reads any gap as unemployment. This is one of the clearest cases where lender selection, rather than anything about you, decides the outcome.

Different rather than worse: company financials enter the assessment, which opens up add-backs and retained profit but needs more evidence. Some lenders handle it comfortably and others prefer PAYG contract arrangements, depending on how long the company has run and how the accounts are prepared.

Not necessarily, but it changes the placement. A contract close to expiry with no renewal signed reads as risk. If a renewal is likely, obtaining it before applying strengthens the file considerably.

If not, some lenders weigh the industry track record more heavily than the individual contract, and that is where the application should go.