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Paragon Bank PLC is part of the FTSE 250 Paragon Banking Group founded in 1985. Paragon is listed on the London Stock Exchange and has a long and successful history as one of the UK’s leading specialist lenders. Paragon has over £12 billion of assets under management and has helped over 1.5 million customers with their finances, across its three main marketing – lending, savings and loan portfolio acquisition.

Paragon’s Buy-to-Let  and Second Charge mortgage products include something to suit everyone. Their experienced, specialist underwriting teams mean they are able to consider offering mortgages when others may not. All of Paragon’s mortgages are sold through intermediaries..

Paragon’s BTL offering

Short-term funding to support a long-term strategy. They now offer a range of short term finance products for landlord customers:

Portfolio Products

  • HMOs and multi-unit blocks
  • Limited companies and limited liability partnerships
  • Properties in England, Wales and Scotland
  • Landlords with four or more mortgages properties
  • ExPats and holiday lets

Non-portfolio products

  • Single self-contained units
  • Consumer buy to let customers
  • Properties in England, Wales and Scotland
  • Landlords with up to three mortgaged properties
  • ExPats and holiday lets

Short term finance

  • Standard refurbishment
  • Light refurbishment
  • Heavy refurbishment
  • Properties in England, Wales and Scotland
  • Rolled up interest or services monthly payments

For more information on their BTL offering, click here.

Paragon’s Second Charge offering

  • Loans from £20,000 to £500,000 with terms up to 360 months
  • Up to 75% LTV
  • Initial fixed rate periods from to 2 to 5 years
  • Terms that extend beyond retirement

Reasons to consider a Second Charge

  • Protect a favourable first mortgage rate
  • Avoid early redemption charges on a first mortgage
  • Get a further advance that their first mortgage lender has been unable to provide due to LTV restrictions

If you think your customer could benefit from this, send a completed data capture form and Paragon will get back to you with details of second charge products meeting your customer’s profile and requirements.

Why Paragon for Second Charge?

  • A wide selection of easy to understand second charge mortgage plans, at competitive rates
  • Direct access to their experienced underwriting team
  • Significant potential savings on valuation fees through AVM
  • Acceptance of up to 100% of regular overtime, commission and monthly or quarterly bonuses
  • No funds transfer fees

Register process

To be able to submit business to Paragon you must register with them. You can do this by completing their online form. Please state TMA in the ‘further details’ section at the bottom of the form to ensure you receive the correct proc fee. Once you have submitted your form, and they have verified your information, Paragon will email you your login details.

Second Charge Registration process

To be able to submit second charge business to Paragon, you must register with them using this form and email your completed form to scdirect@paragonbank.co.uk.

If you are currently registered  with Paragon for second charge business, but would like to amend your mortgage club route to TMA, then please call 0345 149 7756.

BTL Online process

Paragon’s online application gives you a decision in principle and allows you to track your business in one place with your own unique login codes.

Contact Paragon for BTL

For any questions about any of their Buy to Let mortgage products, please contact Paragon’s New Business Enquiries team:

Tel: 0345 849 4040
Fax: 0345 849 4041
Email: btlenquiries@paragonbank.co.uk

Opening times

8:30am – 5:30pm Monday, Tuesday and Thursday
9:30am – 5:30pm Wednesday (due to employee training)
8:30am – 5:00pm Friday

Contact Paragon for Second Charge

For any questions about Second Charge Mortgages, please contact Paragon’s team:

Main office number (for initial registration and application enquiries):  0345 149 7756

Email address:   scdirect@paragonbank.co.uk

Website:    www.paragonbank.co.uk

Opening times:

8.30am – 5.00pm Monday, Tuesday, Thursday and Friday

9.30am – 5.00pm Wednesday (due to employee training)