Yes, you can get a mortgage on a fixed-term contract in London. Being employed on a fixed-term contract doesn’t automatically reduce your chances of being approved.

Many mortgage lenders are happy to consider applicants with this type of employment, provided they can see a reliable income and evidence that your work is likely to continue.

Every lender has its own affordability and employment criteria, which is why your work history often matters just as much as your current contract.

How Do Mortgage Lenders View Fixed-Term Contracts?

A fixed-term contract is simply another way of being employed. Although your contract has an end date, you’re still usually paid through PAYE in the same way as a permanent employee.

Many industries regularly use fixed-term contracts, including education, healthcare, construction, IT and the public sector.

Mortgage lenders understand this and many have lending criteria specifically designed for applicants whose income comes from contract work.

Rather than focusing solely on the expiry date of your current contract, lenders often look at your overall employment history and whether you’ve consistently worked on similar contracts.

Does the Length of My Contract Matter?

The length of your current contract can influence which lenders are available to you.

Some lenders like to see several months remaining on your contract when you apply, while others place more emphasis on your employment history than the time left on your current agreement.

If you’ve worked on consecutive contracts for several years without lengthy breaks, this can demonstrate a stable income even if each individual contract is relatively short.

In some cases, lenders may also accept confirmation from your employer that your contract is expected to be renewed, although this isn’t always a requirement.

Will Employment Gaps Affect My Mortgage Application?

Not necessarily.

Small gaps between contracts are common in many professions and don’t always cause problems. What matters is how those gaps fit into your overall employment history.

Mortgage lenders will usually want to understand why there was a break in income and whether your earnings have remained consistent over time.

Someone who has regularly secured new contracts over several years may be viewed differently from someone with long periods of unemployment and limited recent income.

This is one reason why lender choice is particularly important when applying for a mortgage on a fixed-term contract.

What Documents Will I Need?

The documents required will vary between lenders, though you’ll usually be asked to provide proof of identity, proof of address and evidence of your income.

This often includes:

Valid passport or driving licence

  • Proof of your current address
  • Recent payslips
  • Recent bank statements
  • Your current employment contract
  • Previous contracts if requested

Some lenders may request additional documents depending on your employment history or the type of mortgage you’re applying for.

Before submitting your application, our mortgage advisors can review everything with you to make sure the information meets the lender’s requirements.

How Much Could I Borrow?

The amount you can borrow depends on much more than your employment status.

Mortgage lenders will also consider your income, regular expenditure, existing credit commitments, deposit, credit history and the property you’re buying.

If your income has been stable and you have a strong history of fixed-term employment, you may have access to the same mortgage products as someone in permanent employment.

Some lenders offer mortgages with deposits starting from 5%, although eligibility will always depend on your individual circumstances and the lender’s criteria.

Using a mortgage calculator or speaking to a mortgage broker in London can provide a clearer idea of what may be available before you begin your property search.

Can I Remortgage on a Fixed-Term Contract?

Yes, it’s possible to remortgage while working on a fixed-term contract.

When your current mortgage deal is coming to an end, lenders will assess your circumstances at that point, including your current income and employment history.

If your income has remained stable or improved since taking out your mortgage, you may find there are plenty of remortgage options available.

If your circumstances have changed, such as reduced earnings or changes between contracts, the choice of lender can become even more important.

Seeking remortgage advice in London several months before your current deal ends gives you more time to review your options and avoid moving onto your lender’s standard variable rate unnecessarily.

Getting Mortgage Advice on a Fixed-Term Contract

Applying for a mortgage on a fixed-term contract doesn’t have to be complicated.

Many lenders actively consider applicants with contract-based employment, although each has different requirements regarding income, contract length and employment history.

As a mortgage broker in London, we compare a wide range of lenders to find those whose criteria best match your circumstances, helping you understand your options before you submit an application.

Date Last Edited: July 20, 2026