Gibraltar Contractor Mortgage Affordability Calculator
Estimate how much you could borrow for a Gibraltar mortgage as a contractor or self-employed applicant, based on net income.
Estimated maximum mortgage
GB£185,625
Recognised annual incomeGB£41,250
Max loan from income multipleGB£185,625
This is an estimate only. Actual lending criteria, income-recognition rules and affordability stress tests vary by lender — speak to a mortgage broker or lender for a precise figure.
Estimating what a Gibraltar contractor or sole trader could borrow for a mortgage
Lenders assessing a Gibraltar contractor or self-employed applicant typically look at net trading income after tax and social insurance, often averaged over more than one year to smooth out variable income, rather than relying on a single year's figure or a payslip. This calculator estimates borrowing capacity from your net income under the same ABS/GIBS tax rules and self-employed social insurance used elsewhere in this suite.
What affects a contractor's estimated affordability
- Net income after income tax (the lower of ABS or GIBS) and self-employed social insurance at 20%
- Income variability — lenders often prefer to see an average over recent tax years rather than the most recent year alone
- Existing debt or other financial commitments that reduce the income available for mortgage repayments
- The absence of an employer means there's no separate payslip to rely on, so accounts or tax assessments typically carry the affordability assessment instead
