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 have been dealing with an IFA regarding my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract begin date last year. I am seeking a 5 year fixed rate mortgage. Property worth £325k, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 120K to Paragon Residential
What is current approach to contractor mortgages and Paragon Residential? I am a contractor but my husband has a permanent job. Will Paragon Residential take my salary if we make a joint application?
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 85k contractor mortgage with a lender such as Paragon Residential?
Does the CML Lender's Handbook set out the requirements for Paragon Residential when it comes to contractor mortgages or self-employed mortgages.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
The content set out above is in relation to properties in England and Wales.
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