- From the start, Ben L was massively helpful and explained everything thoroughly. I thought that getting a mortgage would be the most complicated and difficult part of buying a house, but with Ben and CMME’s help, it turned out to be the most straightforward.David, December 2014
- Good Morning Dan, Just thought I would say thank you for the services provided in getting me into my new home in time to settle for Christmas. All went well on the big day and now the fun begins. Thanks again and I hope you all enjoy the festive period. Thanks.Anthony, December 2014
- Hi, I would just like to pass on my deep gratitude to Susan for her help in securing my a mortgage. From the start of the process which in truth was complicated to finally agreeing a mortgage, Susan worked really hard. If it wasn't for her total professionalism I would not be in my house now, I can not thank her enough. A big thank you for everything.Kevin, November 2014
- Dear Alexandra and Genevieve, Just a short note to say thank you for your help, support and professionalism over the last few months during the purchase of our new house. My family and I are very happy in our new home and would recommend your services to other contractors. All the best.John, November 2014
- Hi Steve, Hope you are doing well. I am pleased to inform you that we exchanged the contracts yesterday and the completion will be tomorrow. Hopefully I will be getting the keys tomorrow. Thanks for all your great service during this process. Cheers.Vinod, November 2014
Frequently asked questions
The rate you can obtain on your mortgage is no different to the rates that are available to any other employed or self-employed individuals. Prior to these products being launched many contractors were reliant on self- certified mortgages, where they paid a higher rate and higher fees.
Not every lender is contractor-friendly, however a growing number are. These include well known High Street names such as the Lloyds Banking Group, Clydesdale Bank, Barclays, Nationwide, Virgin Money (previously known as Northern Rock), Natwest and numerous smaller building societies.
These products are no different to any other mortgage in terms of pricing. The difference is how the lender will assess the application. Lenders will not look at traditional forms of income assessment but rather channel the application towards bespoke underwriting criteria specifically available for the contractor and freelancer community.
Each application is assessed on an individual basis, but the broad criteria is as follows:
1) There must be a current contract in place 2) Continuity should be provable in the type of work being done 3) Borrowers new to contracting are acceptable. 4) Income can be defined via annualised contract rate