Contractor Mortgages Made Easy (CMME) was set up to ensure that contractors were not treated unfairly when it came to securing a mortgage.
Historically, many contractors resorted to self certified mortgages when they went to secure a mortgage. This meant in effect there was a trade off. As many contractors could not prove their income in a conventional way, many were happy to pay a higher rate of interest to secure their mortgage funding based on providing limited information on their income.
The question we had was as the labour landscape is changing and many preferring contracting and freelancing as a way or working why should you suffer an ill fate when it comes to your mortgage. What we have done is worked tirelessly on behalf of contractors with lenders getting them to understand the real risk that contractors pose. After re-positioning contractors with lenders we are pleased to announce that we have indeed influenced many lenders to re-think their lending criteria.
We now have at our disposal, many lenders who have bespoke underwriting terms for contractors; meaning you will be able to secure competitive High Street Rates based on your contractor rate alone.
We have not rested on our laurels and are continuing to influence more and more lenders to change their lending policies to provide you with more choices when it comes to finding a suitable mortgage.
Since our launch in 2004 we have helped thousands of contractors secure competitive mortgage funding based on their contract rate alone and help deliver on our philosophy as a company.