Umbrella Contractor Mortgages
Mortgage solutions for contractors working through umbrella companies, ensuring lenders accurately assess your take-home pay and employment stability.
Access Specialist Outside IR35 Lenders
Over 120 UK lenders providing mortgage solutions for contractors outside IR35
Mortgage-Tek connects contractors operating outside IR35 to lenders experienced in self-employed and limited company income.
We ensure accurate affordability assessment, competitive rates, and smooth application processes.
Understanding Umbrella Contractor Mortgages
Mortgages tailored for contractors on umbrella payroll
Umbrella contractor mortgages are designed for professionals employed through umbrella companies. Lenders evaluate net income after
umbrella deductions, tax, and National Insurance, considering contract length and role stability to provide suitable mortgage options.
Mortgage Options for Umbrella Contractors
Flexible solutions for contractors on umbrella payroll
Fixed-Rate Mortgages
Provides predictable monthly repayments with fixed interest rates, ideal for contractors seeking stability despite PAYE deductions through an umbrella company.
Variable-Rate Mortgages
Flexible repayment options with initial lower rates, suitable for contractors comfortable with interest rate changes and net pay fluctuations.
Remortgage Options
Switch your existing mortgage for better rates or access equity, using umbrella income verified through payslips and payroll records.
Buy-to-Let Mortgages
Designed for contractors seeking property investment, with affordability assessed based on net umbrella income and rental projections.
Umbrella Contractor Mortgage Suitability
Ideal for contractors employed through umbrella companies
 This mortgage suits contractors on umbrella payroll, allowing lenders to accurately calculate net income for mortgage affordability.
- Contractors employed via umbrella companies with PAYE-style deductions
- Professionals seeking first-time buyer or remortgage options
- Contractors with 6–12 months continuous contracts
- Individuals with complex income needing tailored lender assessment
- Professionals interested in buy-to-let or investment mortgages
Lender Assessment Factors
Core requirements for umbrella contractor mortgage approval
Employment Verification
 Lenders review umbrella payroll details, contract length, and ongoing engagement. Minimum 6–12 months remaining on contract is typically required.
Income Verification
 Net pay confirmed via payslips, P60s, and umbrella payroll statements. Some lenders may include regular allowances if documented consistently.
Credit Profile
A strong credit history is preferred; minor adverse entries may be acceptable depending on overall financial stability.
Deposit / Loan-to-Value
Deposits typically range from 5–25%, depending on lender, property type, and contractor income profile.
Professional Verification
 Confirmation of umbrella employment, contract stability, and professional role may be required.
Other Documentation
 Additional documents may include bank statements, tax information, and evidence of consistent contract renewals.
How Much Can I Borrow Calculator
Borrowing based on umbrella income
Loan amounts depend on net take-home pay from umbrella payroll, contract length, and lender assessment criteria. Mortgage-Tek calculates borrowing potential to maximise approval chances while considering deductions and allowances.
Your Estimated Borrowing Amount
Expert Guidance for Umbrella Contractors
Trusted by contractors across the UK
 Mortgage-Tek helps umbrella contractors access competitive mortgage deals with expert guidance, accurate income assessment, and support for complex PAYE and contract situations.
Specialist Lender Access
We connect contractors to lenders experienced in umbrella payroll mortgages, providing approval even with complex net pay and PAYE deductions.
Tailored Advice
Our guidance considers contract length, PAYE deductions, and allowances to ensure mortgage solutions meet individual circumstances.
Support for Complex Income
We assess net income after deductions and payroll processing, simplifying lender assessment for mortgage approval.
Transparent Mortgage Comparisons
Clear comparisons of rates, fees, and benefits help contractors make informed decisions.
Quick Pre-Approval
Streamlined pre-approval process ensures faster decision-making and minimal delays for umbrella contractors.
Career-Specific Guidance
Expert advice on PAYE, umbrella payroll, and contract stability maximises mortgage approval chances.
Frequently Asked Questions
Answers for umbrella company contractors
Can umbrella contractors get mortgages?
Yes. Lenders consider net take-home pay, contract length, and stability. Mortgage-Tek connects clients to suitable lenders.
How is income calculated for umbrella contractors?
Lenders calculate net income after umbrella deductions, PAYE tax, and National Insurance, including any consistent allowances or bonuses.
What deposit is required?
Deposits typically range from 5–25%, depending on lender, property type, and income stability.
Are short-term contracts accepted?
Lenders usually prefer contracts with at least 6–12 months remaining. Exceptions may apply with consistent pay history.
Can I remortgage as an umbrella contractor?
Yes. Remortgaging allows access to better rates, equity, or restructuring terms based on net take-home pay.
How long does the mortgage application take?
Typically 6–10 weeks, depending on lender, property valuation, and documentation. Mortgage-Tek streamlines the process.
Can lenders include bonuses or allowances?
Yes. Regular bonuses or allowances may be included in affordability calculations if properly documented.