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Frequently asked questions

What is an independent professional mortgage?

An independent professional mortgage is no different from any other mortgage in terms of pricing. The difference is how the lender assesses your application. Many lenders are now coming to terms with the independent professional lifestyle and have chosen to update their lending criteria. They no longer look at traditional forms of income assessment, but rather channel the application towards bespoke underwriting criteria, specifically designed for the independent professional community. In this way, as an independent professional, you can be assessed on a multiple of your annualised rate, allowing you to borrow in line with your true earnings. By using a specialist broker, you can access the same competitive interest rates available to people on PAYE.

Will I qualify for a mortgage?


Who provides the mortgages?

More lenders than ever before have realised the independent professional sector is growing, and have decided to update their borrowing criteria. These include High Street names like Clydesdale, Virgin Money and Nationwide, as well as a growing number of specialist lenders including Metro Bank, Leeds and Kensington. Since we launched, we’ve spent time educating lenders about independent professional remuneration structures and how to understand their true earning potential. As a result, we’ve been able to agree bespoke underwriting terms with a range of lenders, enabling people like you to borrow based on a multiple of your contract rate.

Learn more: Our lenders

How is my application assessed?

A standard mortgage application is assessed based on salary plus dividends and/or net profit if you run a limited company. If you’re using an umbrella company then it will be your PAYE income. Traditionally, lending criteria has been based on individuals being either employed, or self-employed. The issue with this traditional approach is that independent professionals don’t fall into either of these categories, meaning the sum you’re able to borrow falls short of what you should be able to secure. When you are unable to provide trading accounts an independent professional application is evaluated based on your gross contract rate, with less emphasis on how you get paid. We use your current contract rate to establish a borrowing figure, and a copy of your CV, to demonstrate your skills and experience.

What rate can I get?


Learn more: Our mortgage rates

Why should I choose CMME?




Still have questions?

If you still have questions feel free to contact us

01489 555 080

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