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Scotland

With simple criteria and competitive rates, our Scotland products are ideal for non-portfolio landlords with single self-contained properties.

Purchase and remortgage
2 year fixed rate (75% LTV)
Code Initial rate Product fee Early repayment charge APR ICR rate Product specific criteria
BM1197 3.25% £999 3% for 2 years 5.20% 5.50% Max loan - £500,000
BM1198 3.45% NIL 3% for 2 years 5.20% 5.50%  

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View Non-portfolio criteria

2 year fixed rate (80% LTV)
Code Initial rate Product fee Early repayment charge APR ICR rate Product specific criteria
BM2098 3.55% NIL 3% for 2 years 5.20% 5.55%  

Download Buy-to-let product guide

View Non-portfolio criteria

3 year fixed rate (75% LTV)
Code Initial rate Product fee Early repayment charge APR ICR rate Product specific criteria
BM1200 3.50% £999 3% in year 3 5.20% 5.50% Max loan - £500,000
BM1201 3.70% NIL 3% in year 3 5.20% 5.70%  

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View Non-portfolio criteria

3 year fixed rate (80% LTV)
Code Initial rate Product fee Early repayment charge APR ICR rate Product specific criteria
BM2100 3.80% NIL 3% in year 3 5.20% 5.80%  

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View Non-portfolio criteria

5 year fixed rate (75% LTV)
Code Initial rate Product fee Early repayment charge APR ICR rate Product specific criteria
BM1203 3.59% £999 5% in years 1 & 2
4% in year 3 & 4
3% in year 5
5.00% 4.00 Max loan - £500,000
BM1204 3.75% NIL 5% in years 1 & 2
4% in year 3 & 4
3% in year 5
5.00% 4.00  

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View Non-portfolio criteria

5 year fixed rate (80% LTV)
Code Initial rate Product fee Early repayment charge APR ICR rate Product specific criteria
BM2102 3.70% 1.00% 5% in years 1 & 2
4% in years 3 & 4
3% in year 5
5.00% 4.00%  

Download Buy-to-let product guide

View Non-portfolio criteria

Single, self-contained properties only, no limited companies or limited liability partnerships. Free valuation, application fee of £150 to apply.


intermediary_nonportfolio_info2_card

The gross rental income from the property should equal or exceed the ICR as determined using a combination of the tax band applicable to an applicant’s income and the property type. The tax band applicable to the applicant with the highest income will be used.

This will be calculated using the amount requested at either the product charging rate plus 2% or 5.5%, whichever is the greater. The exception to this rule will be five year fixed rate products, which will be calculated using the amount requested, at either the product charging rate or 4.00%, whichever is the greater.

The applicable ICR rate is shown against each product.

The tax band and ICR levels can be found under the affordability section of our non-portfolio criteria page.

  • Paragon Standard5.35%
    Variable Rate (*SVR)
  • Bank Base Rate0.50%
  • Paragon **LIBOR0.60%
  • Next LIBOR reset date01.04.18

Product information

  • Reversion rate – Paragon SVR.
  • Funded by Paragon Bank PLC.
  • APR calculated using an illustrative loan of £150,000.
  • All our products are subject to availability and can be withdrawn at any time.
  • After the initial fixed period, if the mortgage is interest only, it may be converted to capital and interest repayment, subject to 28 days written notice.
  • An application fee of £150 applies

Approved conveyancing panel

Download the complete list of our approved solicitors/licensed conveyancers.

England & Wales

Scotland

*SVR

From 9 October 2017, Paragon Bank Standard Variable Rate (SVR) and Paragon Group SVR aligned to a single rate, Paragon SVR. There was no change in interest rate as a result of this name change.

**LIBOR

From 9 October 2017, Paragon Bank LIBOR and Paragon Group LIBOR aligned to a single rate, Paragon LIBOR. There was no change in interest rate as a result of this name change.

If you took out a mortgage with Paragon before 1 April 2005, you may be on a different LIBOR rate, which will be shown in your original terms and conditions. You can also check which LIBOR rate you’re on by calling us on 0345 849 4060.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551

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