Skip to content
SJD Accountancy
Join Now
Join now
Sorry, we're closed

Lines open Monday from 08:00 - 20:00

  • Contractor Services
    • Our Services
      • Accountancy Packages
        • Compare Services
        • Essential
        • Premium
        • Elite
      • Company Formation
      • Switching Accountant
      • Tax & Audit Services
        • Self Assessment
        • Questionnaires
      • Insolvency Services
      • IR35 Contract Reviews
      • Special Offers
    • Partner Services
      • Umbrella
      • Business Insurance
      • Contractor Mortgages
      • Wealth Planning
      • Health Insurance
      • IPSE Membership
      • Rewards
  • Contractor Resources
    • Contractor Library
    • Top Guides
      • The Contractor’s Guide
      • Limited or Umbrella. The Ultimate Guide
      • Complete Guide to IR35
    • Contractor Tools
      • Limited Company Name Generator
      • Compare Your Day Rate
      • Gender Pay Gap Tool
    • Contractor Calculators
      • Take home pay
      • IR35 calculator
    • Becoming a Contractor
      • Permanent to Contracting
      • How to contract
      • Contractor earnings
      • Contracting in the UK
      • Umbrella take home pay
      • Limited or umbrella
      • Contracting through an umbrella
      • FAQ’s for new contractors
    • Existing Contractor
      • Expenses
      • Taking money out your company
    • Financial Advice
      • Business banking
      • Contractor and business insurance
      • Contractor pensions
      • Contractor mortgages
      • Off-Shore
    • Understanding Legislation
      • IR35
      • Flat Rate VAT scheme
  • About
    • Company
      • About SJD
      • Contact us
      • Careers
      • Terms of Business
      • Terms & Conditions
      • Privacy Policy
    • News
  • Clients
    • Refer to SJD
    • SJD Online
Search Search

SJD Accountancy > Resources > Financial Advice > A Simple Guide to Getting a Contractor Mortgage

A Simple Guide to Getting a Contractor Mortgage

Finding a contractor mortgage is easy thanks to CMME.

SJD Accountancy > Resources > Financial Advice > A Simple Guide to Getting a Contractor Mortgage

Securing a mortgage is never easy – and even less so if you’ve recently switched from full-time employment to contracting, freelancing or self-employment. So, working with our recommended Mortgage Broker, CMME, we have developed this simple guide which will help to make it as seamless as possible.

Mortgage guide for the self-employed

We outline some important aspects to remember before applying for a mortgage, as well as what to expect during the process:

Keep a copy of your contract

Make sure you have a copy of your signed contract to hand which is totally up to date.

This needs to clearly state the length of your contract, and your current contract rate.

You’ll also need some ID, such as your passport and your driving licence, plus bank statements – both business and personal – and any other information, like utility bills for example, that could be relevant to your mortgage application.

Graphic of a contract on a clipboard with two signatures

The ideal mortgage specialist for the self-employed

If you are looking to take that first step on the ladder, or to remortgage an existing property, then CMME will help you find a solution to suit your needs. Whether you want to find out the best rates available or need help calculating how much you could borrow, call 01489 555080, email CMME on sjd@cmme.co.uk or fill out the below form:


We want you to know exactly how our service works and why we need your details. Please read our Privacy Policy before you continue.

Contractor mortgages made simple: choosing the right contractor mortgage specialist

Assuming you choose CMME, they will help you to select a lender suited to your individual circumstances, as they have negotiated specialist mortgage underwriting terms for contractors with a number of large High Street lenders.

This enables them to arrange a mortgage based on the contract you have, rather than on the number of years you have been working as a contractor. This will help to process your application quickly and without hassle.

Get a lender who understands your circumstances

The fact that CMME is managing your application means that the lender will treat you seriously and will understand that independent professionals are not higher risk.

As opposed to trying to convince inexperienced bank employees, who only really understand the world of employment, that your income is valid for mortgage funding.

Agreement in principle

Once you have chosen a lender, CMME will help you to secure an ‘agreement in principle’ from them, which will state exactly how much the lender is happy to lend you.

It’s really useful to know this before you start house hunting so that you know what you can afford to look at, or how much discount you need to negotiate!

Join CMME

Drawing up contracts

As soon as you have found a house, made an offer and it has been accepted, CMME will immediately set everything in action and at that point will also need to instruct a solicitor to act on your behalf.

The solicitor will do all of the necessary ‘chasing’ of the lender and will make sure that the required surveys and searches are carried out on time, and then processed by your mortgage company.

The solicitor will also draw up contracts and then liaise with the seller’s solicitor on your behalf, to agree on dates for exchange of contracts and completion.

Getting your move-in date

Once an exchange date has been agreed, your solicitor will call CMME, who will then chase your lender to ensure that the money is transferred in time for your completion date.

And after completion, all you have to do is move in. Good luck!

SJD Accountancy Ltd is an Introducer Appointed Representative of CMME. CMME is a trading name of CMME Mortgages and Protection Limited. Authorised and regulated by the Financial Conduct Authority (FCA reg. 414798). Registered in England No. 04886692. Registered Office: Albany House, 5 Omega Park, Alton, Hampshire, GU34 2QE. Please be aware that Commercial Mortgages, Overseas Mortgages and some Buy To Let Mortgages are not regulated by the Financial Conduct Authority. Calls may be recorded for training and security purposes and to improve the quality of our services.

Easy mortgage guides

You may find the below guides useful:

Contractor Mortgage Calculator Assessor
Contractor Mortgage FAQs, Myths and Facts
Contractor Mortgages
Contractor Self-Certified Mortgages
Mortgage Tips for Contractors
Contractor Mortgage Calculator – Repayments

Financial Advice Hub

You may also find our other contractor finance guides and calculators helpful:

Visit our Financial Advicce hub

Most Popular Pages

If you need any further help or advice try these most popular links.

finance
Financial Advice Hub

Calculate Pay

ltd company certificate
Limited Company Hub

Back to top

Contact Us

  • 0123456789

Useful Links

  • Terms & Conditions
  • Recruiters
  • Privacy
  • Slavery Statement

New Business Hours

Monday - Thursday8:00 AM — 8:00 PM
Friday8:00 AM — 7:00 PM
Saturday10:00 AM — 4:00 PM
SundayClosed

Copyright SJD Accountancy 2021. All rights reserved. SJD Accountancy Ltd is a company registered in England & Wales. Company Registration Number 06277058.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.