One advantage of an umbrella company I hadn't thought of.

[Higgs Boson]

I stopped using an umbrella company about 6 months ago and went down the limited company route.

One thing nobody ever mentions is trying to get a mortgage when you use an umbrella company was so much easier. I am needing to remortgage again and need a projection from the Accountants for the 6 months etc. Then the mortgage lender will probably want to question all of the figures as the company is so new.

Whereas a year ago - I sent them 3 payslips from the Umbrella company and that was the end of it. Now, I wish I had waited another 6 months before opening the company up.

Just a warning to people thinking of making the change.

[escapeUK]

Just a warning to people thinking of making the change.

Yes, but now you can actually afford to pay the mortgage rather than pay those double lots of NI.

[Higgs Boson]

True - but I need to be able to get the mortgage in the first place, before I can begin to pay it back.

[LisaContractorUmbrella]

Excellent warning IMHO However, there are specialist mortgage providers who deal with Ltd co contractors and should be able to keep the process as simple as possible for you