Do Umbrella Company Contractors Qualify for Mortgages?
Do Umbrella Company Contractors Qualify for Mortgages?
Blog Article
If you're working through an umbrella company, you might be wondering how it affects your mortgage chances. The good news is — yes, umbrella company contractors can get mortgages. But it’s important to approach the right lenders who understand your income structure.
How Umbrella Company Income Works
When you’re contracted through an umbrella company, you’re technically employed by that company. They handle your tax and National Insurance contributions and pay you a salary, often with some holiday pay and expenses rolled in.
To some lenders, this looks like standard employment — but others may treat it differently, especially if your income varies from month to month.
Challenges You Might Face
The main issue umbrella contractors face is inconsistent income or short-term contracts. Some high street lenders prefer a steady, fixed salary over variable pay, even if your annual earnings are high.
Others may ask for 12 months’ worth of payslips and bank statements, which can be tricky if you’ve just started contracting.
How Contractor Mortgage Solutions Can Help
At Contractor Mortgage Solutions, we work with lenders who understand the umbrella model. Whether you’re paid weekly or monthly, we know how to present your income in a way that meets lender criteria.
We help you:
Gather the right documents
Highlight consistent earnings
Navigate any gaps in contracts
Access lenders with umbrella-friendly policies
What You'll Typically Need
Last 3–6 months of payslips from the umbrella company
Bank statements showing income
A copy of your current contract
Proof of ID and address
A strong credit history
Make Your Mortgage Move with Confidence
Working under an umbrella company shouldn’t stop you from securing a great mortgage deal. With the right guidance, you can get approved quickly and smoothly.
Contact us today and let Contractor Mortgage Solutions find the perfect mortgage for your umbrella-based income.