Mortgage choices when working through Umbrella - Contractor UK Bulletin Board

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lucyclarityumbrella replied

21 June 2020, 11:18
As everyone has said it depends on the lender, best to have a broker experienced in contractor mortgages.

Last edited by Contractor UK; 22 June 2020, 20:53. Reason: URL Removed
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northernladuk replied

20 June 2020, 18:30
I spoke to John Yerou at freelance Financials about this last year. He said they can still get mortgages based on day rate even if you are with a brolly.

Just be wary though. The amount you can afford will be less via a brolly ofc.
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ladymuck replied

20 June 2020, 18:17
Talk to a broker! But, technically, you're employed by the umbrella. You are not self-employed at all.

I'd go for daily rate * 220 days.
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WHoSaidthis started a topic Mortgage choices when working through Umbrella

20 June 2020, 17:50
Mortgage choices when working through Umbrella

Switched to Paystream (Umbrella scheme) about 2.5 months ago..going great. Still contracting at the same end client as I had previously been via my ltd company

When applying for a mortgage , do you pick employed or self employed please?

If employed, how does one calculate their annual salary from your daily rate?

Many thanks
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