CMME, a leading mortgage provider in the UK, has recently announced the launch of a new self-employed mortgage scheme. This scheme is designed to help self-employed individuals access the mortgage market, which has traditionally been difficult for them to access due to their lack of regular income.
The scheme is based on a ‘self-certification’ process, which requires applicants to provide evidence of their income and expenditure over the last three years. This allows CMME to assess the applicant’s financial situation and determine whether they can afford a mortgage. The scheme also takes into account other factors such as the applicant’s credit history and employment status.
The scheme is open to all self-employed individuals, regardless of their profession or industry. CMME has also designed the scheme to be flexible, so that it can be tailored to suit each individual’s needs. For example, applicants can choose from a range of repayment options, including fixed rate and variable rate mortgages.
The launch of this scheme is a welcome development for the self-employed community in the UK. It provides them with an opportunity to access the mortgage market, which has traditionally been difficult for them to access due to their lack of regular income. It also provides them with greater flexibility when it comes to repayment options, allowing them to choose the option that best suits their financial situation.
Overall, the launch of CMME’s self-employed mortgage scheme is a positive step forward for the self-employed community in the UK. It provides them with greater access to the mortgage market and more flexibility when it comes to repayment options. This will help them to secure the home of their dreams and build a secure financial future for themselves and their families.