Umbrella company employee mortgages

Discover how our unique approach makes homeownership a reality for umbrella company employees.

We don’t rely on your payslips or accounts to prove your mortgage affordability. We use your gross day rate, instead.

This avails you of the potential to borrow much more than by traditional means.

We can bring you ever-closer to your lifestyle goals and home ownership dreams.

Mortgages for umbrella company employees
 

We understand the barriers – and how to overcome them

The unique structure of umbrella company employees’ income can present challenges when applying for a mortgage. Many high-street lenders fail to consider more than PAYE income and deductions. This means those lenders overlook umbrella employees’ most potent attribute: their earning potential.

This misrepresentation can limit borrowing options, result in rejections, and damage your credit file. Combined, they make an already complex underwriting process even more difficult. Focusing on your full financial picture ensures a fairer and more accurate assessment of your income.

Start your mortgage application today

Specialist support for umbrella workers

We specialise in arranging mortgages for umbrella payroll company employees/contractors. By leveraging contract-based underwriting to enhance your borrowing potential, we can offer:

  • Borrowing potential up to 5.5 × your annualised contract day rate.
  • Customised affordability calculations: your day rate × 5 days × 46 weeks.
  • Access to specialist underwriters who understand umbrella company income structures.
  • Comprehensive mortgage options, including fixed-rate, offset, tracker, and interest-only products.
  • A contractor mortgage search tool to compare umbrella employee interest rates quickly and easily.

How much can I borrow as an umbrella company employee?

What you need to know about your umbrella company mortgage application

Applying for a mortgage as an umbrella company employee requires strategy and preparation. Lenders often request:

  • Current and previous contracts.
  • Detailed payslips showing deductions and gross income.
  • Recent bank statements.

Your mortgage eligibility depends on factors such as contract duration, income stability, and credit history.

Working with our specialist brokers dramatically increases your chances of approval. That’s because we give you access to verified contractor-friendly lenders who understand your unique income structure.

Getting a mortgage when you're a flip-flop contractor

Since off-payroll rules rolled out, contracting has changed. We know that contractors flip between limited companies and umbrella payroll companies. Some contractors will even dip into a PAYE role when it suits them.

But how do you convince a lender you’re good for a mortgage with such flip-flop work history?

To a conventional underwriter, this butterfly pattern will seem like too high a risk. They’ll take one look at your CV or invoice and payslip history and reject you outright.

By working with specialist underwriters, we’ve helped educate them in contracting’s nuances, including IR35. We’ll give you access to a mortgage lender who’ll consider your work history with impunity.

Choose the umbrella employee mortgage experts

Specialist expertise

We specialise in mortgages for contractors of all types. That means we can bridge the gap between complex umbrella income and contractor-friendly lenders.

Collaboration with underwriters

We have direct lines to specialist underwriting teams. This ensures they give you a fair assessment based on your true mortgage affordability.

Simplifying the application process

We simplify the contractor mortgage process. Our brokers give you expert guidance on the documents you need to best support your application.

Maximise your chance of approval

On their own, each step may seem small. But combined, they maximise the chance that our chosen contractor-friendly lender will approve your mortgage.

Types of mortgage available

Our flexible, competitive mortgages are designed to make your homeownership journey easier. We offer a range of mortgages designed for contractors working under an umbrella payroll company, including:

First-time buyer mortgages

Take the first step onto the property ladder with a mortgage deal tailored to umbrella company employees.
Types of contract worker

Home mover mortgages

Find the perfect mortgage to make moving into your next home go from A to B without the hassle in between.

Remortgages

Secure competitive rates before your current deal expires to avoiding lenders' higher variable rates.

Buy-to-let mortgages

Build your property portfolio with our specialist support for umbrella contractors who want to invest in buy-to-let.

"Day 1" mortgages

Potentially get a mortgage on Day 1 of your first contract (if you’ve worked in the same industry for at least a year).

Compare the best mortgage deals for umbrella company employees

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We understand umbrella company employees’ earning potential. And we know how to present that income potential in a way that lenders can translate into a mortgage offer.

In short, we get you. We get what our lenders are looking for.

Contact our expert team today to explore your options and secure a mortgage tailored to your needs.

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