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Discover our range of specialist buy-to-let and residential mortgages, available through intermediaries.
If you're a landlord, you can only apply for our mortgages through an Independent Financial Adviser. Click below to find an advisor.
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a buy-to-let mortgage contract which is not entered into by the borrower wholly or predominantly for the purpose of a business carried on, or intended to be carried on, by the borrower.
The legislation sets out a series of circumstances that would constitute a buy-to-let customer acting for the purposes of business, and therefore are not covered by the legislation.
These include where a customer:
If any of the following circumstances apply, the application would qualify as a consumer buy-to-let mortgage contract:
Paragon will consider applications that qualify as consumer buy-to-let mortgage contracts, but these applications must be made through an intermediary. We will require our intermediary partners to hold the appropriate FCA permissions before submitting any consumer buy-to-let business to us
The name and address of the Lender:
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands B91 3QJ
We also offer variable rate mortgages, often referred to as Trackers, where the interest rate will vary during the term of the mortgage.
Further information about the interest rates which are currently available and how and when these may be varied can be found in the latest version of our Buy-to-let product guide, in our documents section.
Product:A first charge capital repayment mortgage secured against your buy-to-let property
Total amount of loan:£271,675 (including a product fee of £6,625, a funds transfer fee of £25, and an insurance contingency fee of £25 added to the loan at completion)
Term:25 years (300 months)
Rate:5.60% fixed for 5 years (60 months), followed by a variable rate of 8.35% for the remaining 20 years (240 months)
Payment and frequency:60 months at £1688.17, followed by 240 months at £2089.68
Total amount repayable:£603,053.40, including interest of £331,138.40
APRC:The overall cost for comparison is 7.70%
For the purposes of this example, at the end of the fixed rate period, a variable rate of 8.35% has been assumed for the whole of the remaining term. However, please be aware that variable rates can go up or down, and the actual monthly payments and the total amount repayable could differ.
Your home may be repossessed if you do not keep up repayments on your mortgage.
If you fail to keep up with payments on your mortgage, a receiver of rent may be appointed and/or your rental property may be repossessed.
Should the property be sold, any shortfall would remain your responsibility.
If you have any queries, our current buy-to-let lending guidelines, product guide and mortgage conditions are available on our documents page.
If you’re an existing customer and have a query about your Paragon mortgage, please call our team on
Head officeParagon51 Homer RoadSolihullWest MidlandsB91 3QJ
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