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 retained an IFA concerning my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract begin date this year. I am looking for a five year fixed rate mortgage. Property value £200,000, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 165k to Paragon Residential
What is current approach to contractor mortgages and Paragon Residential? I am a contractor but my OH has a permanent job. Will Paragon Residential take my salary if we make a joint application?
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Paragon Residential when it comes to contractor mortgages or self-employed mortgages.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move ahead 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?
Myself and my fiance are currently about to apply for our first mortgage with Paragon Residential. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
The content set out above covers to properties in England and Wales.
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