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 transferred 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 is the situation with contractor mortgages and Paragon Mortgages Ltd? I am a contractor but my hubby has a permanent job. Will Paragon Mortgages Ltd take my salary should we make a joint application?
What criteria does a mortgage lender (for example Paragon Mortgages Ltd) 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 business?
As contractor looking for a mortgage with Paragon Mortgages Ltd will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Paragon Mortgages Ltd even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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