Paratus Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Paratus offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Paratus and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am seeking a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property three years ago for £220,500 and I currently owe 165k to Paratus
What is current approach to contractor mortgages and Paratus? I am a contractor but my partner has a permanent job. Will Paratus take my salary if we make a joint application?
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Paratus. Would it be wise to contact Paratus directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Paratus.
What criteria does a mortgage lender (for example Paratus) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
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 covers to properties in England and Wales.
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