Based on our experience, Tax Link Chartered Tax Advisors and Accountants found that some high street banks may not always cater for small businesses or contractors when it comes to mortgages. 

This is usually down to the fact that lenders prefer to lend to those perceived as low risk, such as permanent employees. It is likely that lenders will ignore a large part of a contractor’s income and may also have concerns around longevity of this income. This means they are regarded as a higher risk to lenders.  

That is why we have partnered with Contractor Mortgages Made Easy (CMME), a specialist mortgage brokerage offering bespoke mortgages. They have noticed the difficulties contractors can come across and strive to educate lenders so that contractors are no longer treated unfairly. CMME’s perseverance has ensured that lenders understand the real risk and have influenced many to become ‘contractor-friendly’.

CMME now have a whole variety of lenders who use bespoke underwriting, especially for contractors. This means contractors can still benefit from the most competitive rates, the same rates in most instances as a permanent worker.

The dedicated and experienced team at CMME offer professional advice with specialised knowledge from the whole of the market.

For more information, please click here.

Tax Link are not authorised to offer regulated mortgage advice. Tax Link are introducers to Contractor Mortgages Made Easy. Contractor Mortgages Made Easy is a trading name of Mortgages Made Easy Limited which is authorised & regulated by the Financial Conduct Authority. Registration No. 414798. Your home may be repossessed if you do not keep up repayments on your mortgage.