Contractor Mortgages Made Easy

DEALS: Contractor Mortgages Made Easy

Contractor Mortgages Made Easy logo

THE DEAL

  • Sector: Financial Services
  • Deal type: Acquisition, Capital Raising, Company Sale – Family/Private, Debt Advisory
  • Deal size: Undisclosed
  • Year: 2015
  • Lead partner: Clive Hatchard; Ian Milne

DEAL TEAM

Bilal Hasan Clive Hatchard Ian Milne

Spectrum Corporate Finance successfully advises the shareholders of Contractor Mortgages Made Easy Limited

Spectrum Corporate Finance successfully advised the shareholders of Mortgages Made Easy Limited on the acquisition of Contractor Financials Limited and investment for growth by Livingbridge.

Contractor Mortgages Made Easy Ltd was established in 2004 by Sat Singh. He now runs the business as CEO with two fellow directors Taj Kang and Andy McBride. The business is one of the UK’s leading providers of broking services for mortgages and related financial products to the contractor freelancing industry. Both companies’ growth has been further underpinned by the implementation of the Mortgage Market Review (“MMR”) in 2014. The combined business will employ over 130 staff and will continue to champion the cause of the contractor freelancing community by working with the UK lending industry to ensure their unique circumstances are catered for.

Contractor Financials Ltd (“CFL”) was established in 2002 by Tony Harris. It is also a specialist in advising freelance contractors on access to mortgage and related products.

The investment by Livingbridge will provide the capital required to accelerate the continuing growth of the enlarged group thus enabling the business to achieve its vision of becoming a top three national broker national broker (non Estate Agency led) in the UK.

"The acquisition of Contractor Financials Ltd, coupled with the investment from Livingbridge, will allow us to create a market leading proposition and build a best of breed business with a view to serving the financial interests of the contractor freelancing community. Working with Spectrum has been an absolute pleasure - a combination of fun and focus. What became clear to me was that they were the team to get the deal over the line." Satvinder Singh, Managing Director, Mortgages Made Easy Limited