Paragon Bank product switch – Non Portfolio single units rates from:
| Term | Rate | Type | Fee | LTV |
| 2 years | 5.69% | Fixed | 3.00% | 75% |
| 5 years | 5.99% | Fixed | 3.00% | 75% |
| 5 years | 6.59% | Fixed | Nil | 75% |
| 12 months discount | 5.75% | Discount | 1.50% | 75% |
| 2 year discount | 5.62% | Discount | 2.50% | 75% |
Rates revert to 8.10% = Paragon SVR less 1.25%
Paragon Bank Mortgage Product Switch
- Existing Paragon Bank Mortgage borrower?
- Looking for a product switch?
- Make one simple phone call to 020 8979 9684
- No need to book an appointment with a Mortgage Adviser
- Prefer to work online? click here
Paragon Bank product switch – Portfolio HMO’s rates from:
| Term | Rate | Type | Fee | LTV |
| 2 years | 5.69% | Fixed | 3.00% | 75% |
| 5 years | 5.99% | Fixed | 3.00% | 75% |
| 5 years | 6.59% | Fixed | 0 | 75% |
| 12 months discount | 5.75% | Discounted | 1.50% | 75% |
| 2 year discount | 5.62% | Discounted | 2.50% | 75% |
Paragon Bank Portfolio Product Switches are available for Landlords with 4 or more mortgaged buy to let properties.
Rates revert to 8.10% = Paragon SVR less 1.25%
Paragon Mortgages Track to Fix Feature
Since December 2022 Paragon Mortgages discounted mortgage products benefit from a Track to Fix Feature. This means that at any time, you as the Landlord can switch to one of the Paragon Mortgages Product Transfer Fixed Rates without incurring an early redemption penalty (subject to meet eligibility requirements at the time of the switch).
Paragon Mortgages – Key Criteria for Borrowers
Paragon Mortgages are a specialist buy to let mortgage Lender serving buy to let Landlords, including Portfolio Landlords and HMO Properties.
Paragon Maximum Loan to Value
| Maximum Loan to Value | Up to Loan of |
| 65% | £4,000,000 |
| 70% | £1,500,000 |
| 75% | £1,000,000 |
| 80% | £750,000 |
Maximum Borrowing
Maximum borrowing per borrower is typically £10,000,000 although this can be negotiated in some cases.
Age Range
Minimum age of applicant 21 at application. Maximum age 85 at the end of the mortgage term
Property Criteria
Minimum valuation £750,000
Must have Energy Performance Certificate of at least E
Properties dividend in to up to 20 units can be considered
Part commercial consider if commercial area is no more that 40% of the total floor space
For more complex properties and multi units Landlords showing have 3 years letting experience
Paragon and Limited Company Borrowing
Lending to Limited Companies and Limited Liability Partnerships considered.
Mortgage Product Transfer with another Lender? – click below
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