Which Lenders Accept Umbrella Company Contractors?
A large group of UK lenders will lend to contractors paid through an umbrella company — but they differ sharply on whether they work from your gross day rate or your umbrella payslips, which can change the affordability figure by tens of thousands.
As of 2026-09-13, published criteria from 56 of the 76 UK lenders whose published criteria we track can accommodate this scenario — 10 high-street, 30 building societies and 16 specialist — with minimum deposits from 2%.
Data refreshed 2026-09-13. Information only — not advice.
Your situation
High Street Lenders
- Bank Of Ireland— Up to 95% LTV
- Barclays— Up to 95% LTV
- Halifax— Up to 95% LTV
- HSBC— Up to 95% LTV
- Metro Bank— Up to 95% LTV
- Nationwide— Up to 95% LTV
- Natwest— Up to 95% LTV
- Santander— Up to 95% LTV
- TSB— Up to 95% LTV
- Virgin Money— Up to 95% LTV
Building Societies
- Accord— Up to 95% LTV (its 99% £5k Deposit product is first-time-buyer only and excludes new builds)
- Beverley BS— Up to 95% LTV
- Buckinghamshire BS— Up to 95% LTV
- Cambridge BS— Up to 95% LTV
- Chorley BS— Up to 95% LTV
- Coventry BS— Up to 95% LTV
- Cumberland BS— Up to 95% LTV
- Darlington BS— Up to 95% LTV (80% for London/M25 remortgage)
- Dudley BS— Up to 90% LTV
- Ecology BS— Green-gated lending only — every product requires the property to meet ecological/EPC criteria; LTV varies by product (Eco Home/Green Renovation 80%, Renovation 90%, Shared Ownership 95% of share)
- Family BS— Up to 80% LTV
- Furness BS— Up to 95% LTV
- Harpenden BS— Up to 85% LTV
- Hinckley Rugby BS— Up to 95% LTV
- Leeds BS— Up to 95% LTV
- Loughborough BS— Up to 95% LTV
- Mansfield BS— Up to 95% LTV
- Melton BS— Up to 95% LTV (interest-only 60%, London 60%)
- Newcastle BS— Up to 95% LTV
- Nottingham BS— Up to 95% LTV
- Principality— Up to 95% LTV
- Progressive BS— Up to 95% LTV
- Saffron BS— Up to 95% LTV
- Skipton— Up to 95% LTV (its 100% Track Record product is clean-credit only)
- Suffolk BS— Up to 95% LTV
- Swansea BS— Up to 80% LTV
- Teachers BS— Up to 95% LTV
- Tipton Coseley BS— Up to 95% LTV
- Vernon BS— Up to 95% LTV
- West Brom— Up to 95% LTV
Specialist Lenders
- Aldermore— Up to 98% LTV
- Atom Bank— Up to 95% LTV
- Cynergy— Up to 80% LTV
- Foundation— Up to 90% LTV
- Gatehouse— Up to 95% LTV
- Generation Home— Up to 95% LTV
- Hodge— Up to 95% LTV
- Kensington— Up to 95% LTV
- Lendinvest— Up to 90% LTV
- LG Home Finance— Up to 60% LTV
- Pepper— Up to 90% LTV
- Tandem— Up to 90% LTV
- The Mortgage Lender— Up to 95% LTV
- Together— Up to 75% LTV
- Vida— Up to 97% LTV
- West One— Up to 97.5% LTV
A lender name is only half the answer — the amount each might lend varies by tens of thousands — our figures are conservative estimates, not offers.
See your figuresWhy some lenders say no
- Some lenders calculate from the umbrella payslip (after umbrella fees and deductions) rather than the gross contract rate — a materially lower income figure.
- Short contracting history: many lenders want 12 months' contracting (or 2 years in the same line of work) before using day-rate maths.
- Gaps between contracts over 6-8 weeks in the last 12 months make some lenders treat income as unreliable.
- A handful of lenders decline umbrella arrangements outright and only consider Ltd company or PAYE fixed-term contractors.
Related reading: Which lenders use contractor day-rate income? · How mortgage affordability is calculated · Umbrella contractor mortgages — specialist deep-dive
See an estimate of what each of these lenders might lend you
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Run My Affordability CheckFrequently asked questions
Do lenders use my day rate or my umbrella payslip?
It varies by lender, and it is the single biggest driver of how much you can borrow. Day-rate lenders typically annualise your gross contract rate (day rate x 5 x 46-48 weeks). Payslip lenders use the taxable pay on your umbrella payslips, which is lower because umbrella margin, employer NI and holiday pay have already come out. The same contractor can see five-figure differences in maximum loan between the two methods.
How much contracting history do I need?
Commonly 12 months of contracting, or 2 years in the same type of work with a current contract in place. Some lenders will consider a first-time contractor on day one if the contract has 6+ months to run and you have relevant employment history behind it.
Does being inside IR35 matter?
Working through an umbrella usually means the role is inside IR35, and lenders are comfortable with that — what they care about is a clean payment history and an active contract. You do not need to explain the IR35 status itself; you will need umbrella payslips, the underlying contract, and usually bank statements showing the credits.
What paperwork will I need?
Typically your current contract (showing the day or hourly rate), the last 3 months of umbrella payslips, and 3 months of bank statements. Lenders using contract-rate maths may also ask for your CV or work history to show continuity.
