Day Rate to Mortgage Calculator
See how lenders annualize your day rate and estimate your borrowing capacity.
Your Contract Details
You work via your own Ltd company or as self-employed
Weekly Income
£2,500
Est. Monthly
£10,825
How Lenders Annualize Day Rates
Lenders calculate your annual income by multiplying your day rate by working days. The number of weeks used varies:
- 48 weeksStandard for contractor-friendly lenders (allows 4 weeks holiday)
- 46 weeksMore conservative mainstream lenders (6 weeks off)
- 52 weeksRarely used - assumes no time off
Borrowing Estimates
44 weeks/year
Very conservative approach
Annual Income
£110,000
Borrowing (4.5x)
£495,000
46 weeks/year
Conservative mainstream lenders
Annual Income
£115,000
Borrowing (4.5x)
£517,500
48 weeks/year
Standard contractor lender calculation
Annual Income
£120,000
Borrowing (4.5x)
£540,000
50 weeks/year
Generous lender interpretation
Annual Income
£125,000
Borrowing (4.5x)
£562,500
Compare Day Rates
Estimates based on typical lender income multiples. Actual borrowing depends on contract length, credit history, and other factors.
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