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.
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?
Yes, Paragon Bank is one of the UK's leading portfolio landlord lenders, with decades of experience and dedicated relationship managers for clients with larger property portfolios.
Does Paragon Bank offer commercial mortgages?
Yes, Paragon Bank provides commercial mortgage and development finance alongside their core buy-to-let products, serving experienced property investors and developers.
What is the maximum LTV on Paragon Bank buy-to-let?
Paragon Bank offers up to 80% LTV on buy-to-let products, with competitive rates especially for experienced landlords with strong portfolios.
Does Paragon Bank offer HMO mortgages?
Yes, Paragon Bank offers HMO and multi-unit freehold block lending as part of their specialist buy-to-let product range.
How to Apply
Broker only. Paragon Bank products are available through mortgage brokers. Find a broker with Paragon Bank on their panel.
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Octopus Real Estate | Buy-to-Let, Commercial, Bridging+3 | Specialist | 75% |
| Aldermore | Residential, Buy-to-Let, Commercial+1 | Specialist | 85% |
| Shawbrook Bank | Buy-to-Let, Commercial, Bridging+2 | Specialist | 75% |
| Cynergy Bank | Buy-to-Let, Commercial, Limited Company+1 | Challenger | 75% |
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