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Mortgage Application and Umbrella Company

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    Mortgage Application and Umbrella Company

    On a MA when it asks for employers details would these be the umbrella company (Parasol) or the company my current contract is with?

    Or are you officially self employed in this situation?

    I have been with Parasol continuously for 3+ years but in my current contract for only 1 year.

    Any ideas?
    Tyrell: "More human than human" is our motto.

    #2
    Are you employed by Parasol or by the client or do you employ yourself?

    If you can't answer this you don't deserve to hold the responsibility of having a mortgage IMO.
    Last edited by northernladuk; 22 March 2013, 12:26.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #3
      Originally posted by dspsyssts View Post
      On a MA when it asks for employers details would these be the umbrella company (Parasol) or the company my current contract is with?

      Or are you officially self employed in this situation?

      I have been with Parasol continuously for 3+ years but in my current contract for only 1 year.

      Any ideas?
      Have you asked your umbrella company? Usually they will have a specialist mortgage provider that they work with
      Connect with me on LinkedIn

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        #4
        I might add that I have had the experience of describing my situation as employee of MyCo Ltd to the building society, and them having no problem with that but insisting "we describe that as self-employed". Not much you can do if the lender has their own definitions of words.
        Job motivation: how the powerful steal from the stupid.

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          #5
          Originally posted by LisaContractorUmbrella View Post
          Have you asked your umbrella company? Usually they will have a specialist mortgage provider that they work with
          Thanks I'll give them a call, I've never really thought about my actual employed status before! just work pay my taxes and spend the money! lol!...

          OK just spoke to Parasol who confirm that they legally are my employer, I thought they may just hold the status of payroll company or accountants but they get this question everyday and are in fact the employer.

          Hopefully this will at least help anyone else asking this question and who finds this thread using the search facility.
          Last edited by dspsyssts; 22 March 2013, 12:58.
          Tyrell: "More human than human" is our motto.

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            #6
            Originally posted by dspsyssts View Post
            Thanks I'll give them a call, I've never really thought about my actual employed status before! just work pay my taxes and spend the money! lol!...

            OK just spoke to Parasol who confirm that they legally are my employer, I thought they may just hold the status of payroll company or accountants but they get this question everyday and are in fact the employer.

            Hopefully this will at least help anyone else asking this question and who finds this thread using the search facility.
            Glad you got it sorted
            Connect with me on LinkedIn

            Follow us on Twitter.

            ContractorUK Best Forum Advisor 2015

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