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Monday - Friday 9.00am - 5.00pm

0330 123 1073

Mon - Thu 9am - 5pm
Fri 9am - 5pm
Sat 9am - 1pm

Zero Hour Contract Workers

Workers on zero hour contracts typically find it difficult to meet many lenders’ criteria, and so often find themselves categorised as ‘Mortgage Misfits’ - those unable to access mainstream lending.

Whilst being on a zero hour contract can enable a flexible approach to working, many encounter challenges when it comes to borrowing precisely because they do not have a contract which guarantees future working hours.

The latest ONS stats show that over 900,000 people in the UK are currently on a zero hour work contract - over three times the number five years ago - and nearly a fifth of those are around the average age for purchasing a first property.

At Ipswich Building Society our in-house underwriters assess each application on its merits, reviewing affordability based on the applicant’s unique circumstances.

Zero hours contract lending criteria:

  • 18 months’ continuous employment history and a P60
  • Available on all of our standard mortgage products
  • Usual lending criteria applies