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Contractor Mortgage

Why CMME

Scales

Mortgages Made to Measure

Every independent professional is different and every mortgage is different. That’s why our Mortgages are always made to measure – handmade by our expert advisors, based on a deep understanding of your unique circumstances and needs. For us it’s all about listening carefully, asking the right questions and being ready to work hard on your behalf.

People

Smart People Smart Process

Like you, what we do depends on our experience, our expertise and the relationships we build. Our advisers are specialists in the field and dedicated to serving independent professionals – it takes time to learn how the market works and develop the skills required to find solutions that unlock real value.

Fight your corner

We'll fight your corner

If, like most people, your mortgage is your biggest financial commitment, it makes sense to ensure you’re on the best deal for your individual needs and financial circumstances. Plus, with the current uncertainty, securing a good deal now could mean you enjoy low rates in the long term, whatever changes are to come. We will always fight for you.

OUR MORTGAGES

We're by your side every step of the way

First Time Buyer Mortgage

We are experts in helping first-time buyers get on the property ladderBuying your first home can be....

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Home Mover Mortgages

Whether you are moving up the property ladder or relocating to a smaller property, CMME can....

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Contractor Remortgage

For the majority of us, the mortgage is the largest financial commitment, and also the one that is....

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Contractor Buy to Let Mortgage

Contractor Buy to Let MortgageBuy to Let mortgages have become an increasingly popular investment....

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News

Outside IR35: what does it mean for contractors?

Outside IR35: what does it mean for contractors?

November 15th, 2021

It’s now 6 months since the off-payroll legislation, often referred to as IR35, comes into play in the private sector. As a self-employed professional, the chances are that you have heard about this. But even if you hav

...
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Client Experience

Great service. Very chuffed!

Katherine

Best Buy Discount

24 months
0.99%%
Overall cost for comparison

Client Experience

Another Happy (Returning) Customer

Andrew

Best Buy First Time Buyer

24 months
0.89%%
Overall cost for comparison

Client Experience

A wonderful listening ear and total support every step of the way

Nicola

Best Buy Tracker

24 months
BR + 0.96%%
Overall cost for comparison

Our lenders

We work with the UK’s leading specialist lenders to bring you more choice and better value.

Barclays
HSBC
Virgin Money
Scottish Widows
Nationwide
Metro Bank
Leeds
Haliflax
Furness
Clydesbank
Birmingham Midshires
Accord Mortgages

Frequently asked questions

  • Will I qualify for a mortgage?

    Every application is assessed on an individual basis but the broad criteria are: 1) You must have a current contract in place. 2) You need to prove continuity in the type of work you do. 3) Borrowers new to independent working are acceptable. 4) Income can be defined via annualised rate. The only documentation CMME requires to support an application is a copy of your current contract, an up-to-date CV, trading accounts (where available), identification and bank statements. CMME can assess how lenders view your circumstances based on feedback from banking sector decision makers, with no obligation.

  • What rate can I get?

    Before independent professional mortgages were created, many contractors, freelancers and consultants had to rely on self-certified mortgages with higher rates and higher fees. But today, with our help, there’s no reason why you shouldn’t be able to secure the same mortgage rates as someone on PAYE. We don’t offer different pricing and we don’t deal with lenders who do because we believe it’s unfair to penalise you. Instead, we work closely with you to understand exactly the kind of mortgage you need, then we research the market to identify the lender best placed to help. We always keep our independent professional rate table up to date so you can stay in touch with best, most competitive mortgage rates out there.

    Learn more: Our mortgage rates

  • How is my application assessed?

    A standard mortgage application is assessed based on salary plus dividends and/or net profit if you run a limited company. If you’re using an umbrella company then it will be your PAYE income. Traditionally, lending criteria has been based on individuals being either employed, or self-employed. The issue with this traditional approach is that independent professionals don’t fall into either of these categories, meaning the sum you’re able to borrow falls short of what you should be able to secure. When you are unable to provide trading accounts an independent professional application is evaluated based on your gross contract rate, with less emphasis on how you get paid. We use your current contract rate to establish a borrowing figure, and a copy of your CV, to demonstrate your skills and experience.

  • Why should I choose CMME?

    We’re dedicated to supporting Britain’s growing community of independent professionals – ambitious, enterprising people like you who’ve backed themselves to make their own way in life.

    We know being independent makes you different from the norm and too often that means government and conventional service providers end up leaving you in the lurch. We think that’s wrong and, since we launched in 2004, we’ve made it our mission to do something about it.

    We believe being independent shouldn’t stop you buying the home you deserve. We’ve worked long and hard to help lenders understand independent professionals better and we’re ready to bring you the knowhow, the experience and the connections you need to get a great mortgage deal.

See all FAQS

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