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Residential mortgages

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If you’re considering taking part in the scheme, please let us know by filling out our quick form.

What we do

We offer specialist residential mortgages for buy-to-let landlords, through a selected panel of intermediaries.

To apply for one of our residential mortgages, please contact an intermediary from the panel.

Who we can help

Our products are perfect for landlords seeking an owner-occupied mortgage who:

  • Are self-employed
  • Are looking to borrow into their retirement
  • Have complex income arrangements
  • Are looking for an interest only mortgage

Features we offer

  • Fixed rate mortgages
  • Mortgage rates available over 2 or 5 year initial term
  • Minimum and maximum term 5 to 30 years
  • Loan-to-value up to 85%

All our mortgages are subject to an affordability assessment and underwriting and criteria checks

Representative example:

Product:
A first charge capital repayment mortgage secured against your residential property

Total amount of loan:
£186,495 (including a product fee of £1,495 added to the loan at completion)

Term:
25 years (300 months)

Rate:
3.90% for 5 years (60 months) followed by a variable rate of 4.74% for the remaining 20 years (240 months)

Payment and frequency:
60 months at £974.12 followed by 240 months at £1,047.01

Total amount repayable:
£310,049.60, including interest of £123,234.60 and fees not added to the loan of: £295 application fee and £25 funds transfer fee.

APRC:
The overall cost for comparison is 4.6%

For the purposes of this example, at the end of the fixed rate period, a variable rate of 4.74% 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 total amount repayable could differ.

Your home may be repossessed if you do not keep up repayments on your mortgage

Coronavirus - we are here to help and support you.

  • Paragon Standard5.60%
    Variable Rate (*SVR)

Contact us

If you have a query about your Paragon mortgage please call our team on

 

Did your Paragon mortgage complete before 2010?

Then call us on

Financial help

If you require independent financial advice for your mortgage or loan, we recommend a number of free independent advice organisations.

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