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Houses in multiple occupation / Multi-unit blocks

We lend on complex property including HMO's and multi-unit blocks, higher aggregate lending limits and have the ability to accommodate more complex letting arrangements, and now with our upgraded systems, it’s easier than ever to submit applications online.

2 Year fixed rate (65% LTV)
Code Initial rate Product fee Early repayment charge APR Reversion rate ICR rate Product specific criteria
2BM020 3.40% 1.50% 3% for 2 years 5.10% Paragon SVR

(currently 5.10%)

5.50% Free valuation and no application fee

Download Buy-to-let product guide

Portfolio criteria

2 Year fixed rate (75% LTV)
Code Initial rate Product fee Early repayment charge APR Reversion rate ICR rate Product specific criteria
2BM027 3.20% 1.00% 3% for 2 years 5.00% Paragon SVR

(currently 5.10%)

5.50% Free valuation and no application fee
2BM028 3.30% £1495 3% for 2 years 5.00% Paragon SVR

(currently 5.10%)

5.50% Free valuation and no application fee. Max loan - £500,000

Download Buy-to-let product guide

Portfolio criteria

5 Year fixed rate (75% LTV)
Code Initial rate Product fee Early repayment charge APR Reversion rate ICR rate Product specific criteria
2BM014 3.85% 1.50% 5% for years 1 and 2
4% for years 3 and 4
3% for year 5
4.90% Paragon Bank SVR

(currently 5.10%)

4.00%
Free valuation and no application fee
2BM015 3.95% £1999 5% for years 1 and 2
4% for years 3 and 4
3% for year 5
4.90% Paragon Bank SVR

(currently 5.10%)

4.00%
Free valuation and no application fee
Max loan - £500,000

Download Buy-to-let product guide

Portfolio criteria

5 Year fixed rate (75% LTV) - Limited Edition
Code Initial rate Product fee Early repayment charge APR Reversion rate ICR rate Product specific criteria
2BM018 3.75% 0.50% 5% for years 1 and 2
4% for years 3 and 4
3% for year 5
4.80% Paragon SVR

(currently 5.10%)

4.00%
Free valuation and no application fee

Download Buy-to-let product guide

Portfolio criteria

5 Year fixed rate (75% LTV) - Stepped
Code Initial rate Product fee Early repayment charge APR Reversion rate ICR rate Product specific criteria
2BM016 3.00% for year 1
3.25% for year 2
3.50% for year 3
3.75% for year 4
4.00% for year 5
2.00% 5% for years 1 and 2
4% for years 3 and 4
3% for year 5
5.00% Paragon SVR

(currently 5.10%)

4.00% Free valuation and no application fee

Download Buy-to-let product guide

Portfolio criteria

  • All products are 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 and a valuation fee applies to all products, unless otherwise stated

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 portfolio criteria page.

  • Paragon Standard5.10%
    Variable Rate (*SVR)
  • Bank Base Rate0.25%
  • Paragon **LIBOR0.40%
  • Next LIBOR reset date01.01.18

*SVR

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

**LIBOR

From 9 October 2017, Paragon Bank LIBOR and Paragon Group LIBOR will align to a single rate, Paragon LIBOR. There is 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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