Paratus Contractor Mortgages - Help and FAQs

Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Paratus offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Paratus and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.

For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Paratus in his name using our joint deposit and for me to be added at a later date?

I am a media contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Paratus. Would it be wise to contact Paratus directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Paratus.

Do any sections of the CML Lender's Handbook stipulate the requirements for Paratus when it comes to contractor mortgages or self-employed mortgages.

Myself and my husband are currently about to apply for a mortgage with Paratus. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Paratus in my husband’s name only?

Is it true that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Paratus.

The content set out above covers to properties in England and Wales.

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