Absolutely not! When you work through an umbrella company lenders will simply look at your last three months (or 13 weekly) payslips to verify your income. If your income fluctuates each month (which is often the case), then banks will typically average your gross income over the last three months (minus any umbrella company deductions) and then annualise this to confirm your annual income. 

Not all lenders will offer a mortgage where you work through an umbrella company, however there are many high street banks who are more than happy to consider this income structure. 

If your contract is expiring within the next six weeks then this will start to limit your options, however it is still certainly possible to obtain a mortgage. Where your contract is due to expire soon, lenders will often look at your contract history and the length of time you have been contracting, your overall experience and time working within your industry and whether you existing contract is likely to be extended. 

Put simply, if you currently have a valid contract and at lest two years experience within your industry then it is possible to obtain a mortgage. 

The answer to this will vary depending on whether you have a fixed term PAYE contract, or work on a day rate basis either inside or outside IR35. Generally, you would need to provide your latest three months (or 13 weekly) payslips if available, a copy of your contract(s) covering the last 12 months, plus your latest three months bank statements.

Many lenders in the market will assess your income differently from one bank to the next. We ensure that we understand your income correctly, demonstrate this to the lender in the way they want it to be declared, all whilst providing the necessary supporting documents to rapidly approve your application.