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.
What is current approach to contractor mortgages and Paragon Residential? I am a contractor but my hubby has a permanent job. Will Paragon Residential take my salary were we to make an application in both our names?
Do any sections of the CML Lender's Handbook stipulate the requirements for Paragon Residential when it comes to contractor mortgages or self-employed mortgages.
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move forward with application unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any advice?
Me and and my wife are soon to submit for our first mortgage application with Paragon Residential. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Paragon Residential in my wife’s sole name?
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. I am particularly interested in a mortgage deal with Paragon Residential
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Paragon Residential