Contractor Umbrella
- Affordability based on gross contract day rate
- Independent brokerage: no lender is off-limits
- Multi-award-winning contractor specialist broker
- All types of residential and buy-to-let mortgages
- Umbrella, Ltd Co. Contractors & Directors welcome
Mortgages for Contractor Umbrella employees from Freelancer Financials
Umbrella company employees confuse most High Street mortgage lenders. Yes, umbrella employees are technically employed. But not in the way that fits neatly into lenders’ traditional pigeonholes.
And they have payslips. But what do those extra deductions mean?
Moreover, why should these two simple anomalies derail generic affordability calculations, often resulting in a low—or no—mortgage offer? We asked that question. For years.
Today, it’s a moot point. Now, we bypass call centres and in-branch advisers. Instead, we go direct to specialist underwriting teams. Like us, their dedicated experts get contract income.
No need for payslips. No SA302s. Just commonsense underwriting that maximises umbrella employees’ gross day rate potential.
How much can you borrow on your day rate?
Our calculator gives an instant estimate of your borrowing power based on your day rate as an umbrella employee. Add your partner’s income, whether PAYE or contractor if you intend to take out a joint mortgage.
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Multi-Award Winning Mortgage Broker
