I've been contracting a year now - I was on a one year contract and paid through an umbrella company. Prior to that I was not working due to illness.
I'm starting my next role shortly which is another 1 year contract. The employer has given me the option of being paid on a PAYE basis or on a day rate so I've got three options: remain with the umbrella, start an LTD or go PAYE.
I'm hoping to get a mortgage in the next 12 months.
- What's the likelihood of getting a mortgage if I go day rate and set up as an LTD?
- Would it be better for me to remain with the umbrella company as an 'employee'?
- Would it be better for me to be a proper employee on PAYE?
Any tips or advice much appreciated.
I'm starting my next role shortly which is another 1 year contract. The employer has given me the option of being paid on a PAYE basis or on a day rate so I've got three options: remain with the umbrella, start an LTD or go PAYE.
I'm hoping to get a mortgage in the next 12 months.
- What's the likelihood of getting a mortgage if I go day rate and set up as an LTD?
- Would it be better for me to remain with the umbrella company as an 'employee'?
- Would it be better for me to be a proper employee on PAYE?
Any tips or advice much appreciated.
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