Getting a Mortgage with reduced salary?

[Freelancer Financials]

I would see which one you can get the lower interest rate for definite then decide what to do.

It would be far easier for Amar to get a mortgage while he is still with the Umbrella company as he would have a very limited choice of lenders that would lend to him under a limited company. Most high street lenders want at least 1 to 2 years of self-employement history through a limited company. If he is currently dealing with Halifax through a specialit mortgage broker then that is probably his best strategy for getting a mortgage based on his current situation. However, he will not get more than 4.5 times he declared salary from the umbrella, which is quite good.

[SueEllen]

It would be far easier for Amar to get a mortgage while he is still with the Umbrella company as he would have a very limited choice of lenders that would lend to him under a limited company.

Sometimes it's better for people to do their own leg work then giving them the precise answer.

[RichardCranium]

Mortgages for IT contractors with limited companies

How many multi-year-old threads do you intend to resurrect just so you can keep ming us?