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 am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My query is, will Paratus even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Paratus. Should I contact Paratus directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Paratus.
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 85k contractor mortgage with a lender such as Paratus?
What criteria does a mortgage lender (for example Paratus) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with process unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
The content set out above is in relation to properties in England and Wales.
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