Mortgages for Freelancers

If you’re looking for specialist advice regarding Freelancer mortgages, we would wholeheartedly recommend contacting CMME. Whether you classify yourself as a freelancer, contractor or simply self-employed, CMME are able to rely on more than a decade’s worth of expertise to ensure you get the right help and the best deal.

Having helped thousands of independent professionals receive the mortgage funding they require, CMME are ready and able to help you finance your new home or property. Simply visit or fill in the form below to get the process started. 

CMME provides a highly specialised service that provides assistance, advice and mortgage offers tailored to meet the needs of freelancers, contractors and the self-employed. Proving that the financing process does not need to be as challenging as is often believed, CMME distinguish themselves from the competition by offering Freelancer mortgages that are both fair and affordable. As leaders in the field, they commit to the following four principles;

  • Receive a mortgage offer that’s based on your entire income.
  • Be approved without having to provide accounts for the previous three years.
  • Borrow up to five times your annualised income.
  • Apply with only two forms of ID, such as passport and driving licence and a copy of your current contract.

With a focus on excellent customer service and a strong desire to ensure client satisfaction, CMME are best placed to help you with your mortgage. They also provide a number of other financial services for freelancers, including life cover and critical illness and income protection.

Top mortgage tips

Ensure your contract is up to date

Make sure you have a copy of your most recent contract to hand when putting together your mortgage application. It’s important to be able to show lenders not only how much income you have, but also how long you have remaining on your contract.

Avoid lengthy breaks between contracts

There are many perks to working as a freelancer, not least being able to take breaks between contracts should you wish to. This is great for holidays or similar. However, you should try and avoid taking breaks of anything more than 6-8 weeks. This is because lenders want to see consistent income and contracts stretching back 12-24 months prior to your mortgage application – long gaps between receiving income payments are not viewed favourably.

Be realistic about your repayments

A common mistake many professionals make when searching for a freelancer mortgage is being unrealistic when it comes to estimating their repayments. It’s really important when putting your mortgage application together that you make sure the repayments you commit to are going to be affordable for you.

Have at least a 10% deposit

Most lenders will require you to have a good-sized deposit when you apply for a freelancer mortgage. Not so long ago it was possible to secure a mortgage with just a 5% deposit, but those days are gone now. Ideally, you should aim to have at least a 10% deposit ready to pay upfront.

If suitable, look for mortgages that allow additional payments

Some freelancers may find themselves with more money than they need on a regular basis thanks to high-value or frequent contracts. If this sounds like you, you should try to find a mortgage that allows you to pay chunks off in addition to your regular monthly repayments. This will enable you to take maximum advantage of your position and pay-off more of your mortgage quicker.

Freelance UK are not authorised to offer regulated mortgage advice. Freelance UK are introducers to CMME.

Your home may be repossessed if you do not keep up repayments on your mortgage. 

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.

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