Why IT Contractors Struggle at Banks
Mainstream banks often prefer salary and may treat ABN and variable monthly figures cautiously. Lenders assess contractor income in different ways, and policies vary by lender and by how long you have been contracting.
Documentation Needed
ABN certificate, last 2 years tax returns, 6-12 months invoices showing consistent clients, business bank statements, accountant letter confirming income sustainability.
Borrowing Power
How much of your contractor income a lender counts varies by lender, your contract history and your documents, so a broker can assess your situation.
Ready to explore your options?
Call Mortgagefy to talk through lending options for your profession.
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