Paragon Mortgages Ltd Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Paragon Mortgages Ltd offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Paragon Mortgages Ltd and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract prior to the end of my set term? Would this assist my cause when applying for a mortgage with lend
What criteria does a mortgage lender (for example Paragon Mortgages Ltd) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Myself and my fiance are currently about to apply for our first mortgage with Paragon Mortgages Ltd. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a good salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Paragon Mortgages Ltd
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Paragon Mortgages Ltd.
The above information covers to properties in England and Wales.
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