Paragon Residential Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Paragon Residential offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Paragon Residential and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently an engineering contractor, 18 months into a 2 contract. the chances of me being moved onto an employed basis are slim. My question is, will Paragon Residential even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with an IFA regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 115k to Paragon Residential
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Paragon Residential. Should I contact Paragon Residential directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Paragon Residential.
What criteria does a mortgage lender (for example Paragon Residential) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
I'm a media contractor, according to my accounts, my average net profit and director's salary is £45,000. I am looking to purchase a house in loc. What are the chances of borrowing 165k by way of a contractor mortgage with Broadstone
The content set out above is in relation to properties in England and Wales.
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