FAQs – Umbrella Company Mortgages
If you work as a contractor or freelancer and are paid through an umbrella company, it can be hard to know how lenders will view your income. Some treat you like an employee, others like a contractor, and the documents they ask for are not always clear. This FAQ section focuses specifically on mortgages for people using umbrella companies in the UK.
Here you will find answers to common questions about how umbrella income is assessed, what counts as your basic pay,
and how your day rate or assignment history can affect affordability. We also look at which lenders are more
comfortable with umbrella company structures and what to expect during the application process.
What our umbrella company mortgage FAQs cover
- How mortgage lenders usually treat umbrella company income
- Whether you are viewed as employed, self-employed or a contractor
- Typical documents required – payslips, contracts, P60s and bank statements
- How day rates, overtime and bonuses may be used in affordability calculations
- Options if you have gaps between contracts or a shorter work history
- When a specialist umbrella company mortgage broker can add value
Every lender has its own criteria for contractors and umbrella company workers, so the right strategy for your mortgage will depend on your pay structure, track record and future plans. Use these FAQs as a starting point to understand your options and then get in touch if you would like personalised umbrella company mortgage advice for your situation.