CMME has announced its move into the second charge market.
The firm previously known as “Contractor Mortgages Made Easy” boasts that it is now a “one stop solution for contractors, business owners and other professionals looking to take advantage of their home equity.” Its panel comprises nine second charge lenders.
Second charge mortgages have become big business recently: as the FLA reported earlier this month, in the 12 months to July the total value of agreements was £1bn.
Related to its move, the broker firm has also hired Tammy Chalk, who previously worked at Complete FS, to work as lead second charge adviser.
CMME chief executive Jason Powell says: “As market appetite shifts towards longer-term fixed mortgages and increased reluctance to move home, we’ve received lots of queries from our core professional contractor audience about getting the most value out of their property.
“We have a long and successful history of providing first charge mortgage solutions for our clients. In response to this shift in appetite, clients can expect to receive the same level of experience and expertise with second charge mortgages.”