Paragon Bank
Specialist LenderParagon Bank is one of the UK's leading specialist buy-to-let and commercial lenders, with decades of experience serving professional landlords and property investors. They offer a comprehensive range of products including BTL, HMO, portfolio, commercial, and development finance.
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About Paragon Bank
Paragon Bank has decades of experience in specialist lending, originally operating as Paragon Mortgage Corporation before gaining its banking licence. The bank is now one of the UK's leading specialist buy-to-let and commercial lenders, serving professional landlords and property investors. Paragon has its headquarters in Solihull and is listed on the London Stock Exchange.
Paragon offers a comprehensive range including standard BTL, HMO, portfolio, commercial, and development finance. The bank has built deep expertise in the professional landlord market and understands the needs of portfolio investors. Paragon is known for competitive rates and a broad product range.
Paragon Bank is broker-only and operates exclusively through mortgage intermediaries. The bank has a strong balance sheet and has grown steadily through its focus on specialist lending. Paragon is regulated by the FCA and PRA and is a member of the UK Finance trade body.
Lending Focus
Paragon Bank offers mortgage products across 5 categories including Buy-to-Let, Commercial, Development and 2 more.
Key Features
- Market-leading portfolio landlord products
- HMO and multi-unit freehold block lending
- Commercial mortgage and development finance
- Decades of specialist BTL lending experience
- Dedicated relationship managers for large portfolios
Pros & Cons
Pros
- Decades of experience as a leading specialist BTL lender
- Comprehensive product range including HMO, commercial, and development
- Dedicated relationship managers for large portfolio clients
- Strong reputation for reliability among professional landlords
Cons
- –Broker-only — cannot apply direct
- –No residential mortgage products for owner-occupiers
- –Minimum experience requirements may exclude newer landlords
Fees & Charges
- Arrangement Fee
- Typically £995–£1,995 depending on product
- Valuation Fee
- Based on property value — usually £250–£1,500
- Early Repayment Charge
- Typically 2–5% during fixed-rate period
- Overpayment Allowance
- Up to 10% per year on most products
Mortgage Rates
Rate data coming soon. View rates on Paragon Bank
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 80%
Frequently Asked Questions
Is Paragon Bank good for portfolio landlords?
Does Paragon Bank offer commercial mortgages?
What is the maximum LTV on Paragon Bank buy-to-let?
Does Paragon Bank offer HMO mortgages?
How to Apply
Broker only. Paragon Bank products are available through mortgage brokers. Find a broker with Paragon Bank on their panel.
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.