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 on a grad scheme, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around May time. So I suppose my query 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 a broker concerning my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am looking for a 5 year fixed rate deal. Property worth 165K, 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 a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Paragon Residential. Should I contact Paragon Residential directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Paragon Residential.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Paragon Residential?
Does the CML Lender's Handbook stipulate the requirements for Paragon Residential when it comes to contractor mortgages or self-employed mortgages.
The content set out above covers to properties in England and Wales.
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