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Buy-to-let

At Paragon, we have worked with intermediaries in the private rented sector for over 20 years, and have built up a wealth of experience in meeting the needs of both portfolio and non-portfolio landlords, whether they are individuals, limited companies or limited liability partnerships.

To make things as easy and as straightforward as possible for you, we have split our products by portfolio and non-portfolio.

With the implementation of the new standards set out by the Bank of England’s (BoE) Prudential Regulation Authority (PRA) on 30 September 2017, landlords are now categorised as one of two types – portfolio landlords or non-portfolio landlords.

Under the new PRA regulations, a non-portfolio landlord is defined as a landlord with up to three mortgaged buy-to-let properties. Similarly, a portfolio landlord is defined as a landlord with more than three mortgaged buy-to-let properties. Our product range has been split to echo these definitions, but you will also find that our portfolio range caters for limited companies, limited liability partnerships and specialist property types of Houses in multiple occupation (HMO) and Multi-unit blocks (MUB).

The regulations have meant changes to our mortgage processing, so going forward, in all cases, full information about existing rental properties must be provided. Depending on the profile of the case, we may then ask for more information about other assets, liabilities, income and costs.

We’ve created an easy to follow customer placement flow for you, which will help you check that you're placing your customer within the correct product range.

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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