Paragon Mortgages Ltd Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Paragon Mortgages Ltd offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Paragon Mortgages Ltd 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 have just won a fixed term contract of two years (on a grad scheme). My contract begin date earlier this year. I am looking for a five year fixed rate deal. Property value £200,000, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 115k to Paragon Mortgages Ltd
I am a media contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Paragon Mortgages Ltd. Would it be wise to contact Paragon Mortgages Ltd directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Paragon Mortgages Ltd.
Does the CML Lender's Handbook stipulate the requirements for Paragon Mortgages Ltd when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Paragon Mortgages Ltd will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
I am well aware that the days of self-certification contractor mortgages are long gone. 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 Mortgages Ltd
The above information covers to properties in England and Wales.
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