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 have just won a fixed term contract of two years (a media contractor). My contract begin date this year. I am looking for a three year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property three years ago for £157,000 and I currently owe 165k to Paragon Residential
What is the situation with 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 75k contractor mortgage with a lender such as Paragon Residential?
I am finding the process of trying to obtain a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Paragon Residential even grant mortgages to contactors ?
The above information is in relation to properties in England and Wales.
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