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Short term finance criteria

Here’s a summary of our short term finance lending criteria.

For full information, and to see our range of short term finance products, download our lending criteria and product guide.

short term finance

Maximum loan amount

Purchase/Remortgage : £1,000,000

Minimum loan amount

Purchase/Remortgage : £30,000


We will take a first legal charge and will normally consider most types of traditionally constructed residential property in England, Wales or Scotland.

Minimum property valuation: £50,000

Mortgage term

Standard refurbishment

Minimum term Maximum term
1 month 6 months

Light refurbishment

Minimum term Maximum term
1 month 9 months

Heavy refurbishment

Minimum term Maximum term
1 month 12 months

Loan to value (LTV)

Refurbishment type Maximum LTV based on initial loan where interest is rolled up Maximum LTV based on end loan balance where interest is rolled up Maximum LTV based on initial loan where interest is serviced Maximum LTV where loan is >£750,000
Standard 70% 75% 75% 70%
Light 70% 75% 75% 70%
Heavy 65% 70% 70% 65%


Applicants should have a minimum combined gross annual income of £25,000 per annum. However, we understand the specialist nature of a landlords’ income structure, so we will consider and assess all applications on a case-by-case basis. ​

All income must be evidenced and can include:

  • gross employment income
  • taxable self-employed income

State benefits and investment income will not be considered.

Minimum age

25 at application

Maximum age

75 at end of application

Repayment methods

Interest only loans with the repayment type of either monthly payments or gross rolled up interest are available.


We will normally instruct the applicant’s solicitors to act provided that the firm is registered on Lender Exchange, has agreed to our terms and conditions and has been accepted onto our conveyancing panel. Please see our conveyancing panel for a full list of approved firms.

Alternatively, please contact New Business Enquiries 0345 849 4040 if you require any further information.

Buy-to-let products

Take a look at our full range of buy-to-let mortgage products.


A handy tool to help you find out how much we may be able to lend your customer.

Get in touch

If you have a customer that you think would benefit from one of our products, contact your Regional Sales Manager for a chat before making an application.

Find the details below

Find your Regional Manager

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