Paragon Mortgages is one of the leading providers of residential Buy to Let mortgages in the UK. They are winners of the Buy-to-Let Lender of the Year’ award at the Business Finance Awards in 2002, 2003 and 2004. Paragon Mortgages is a member of The Paragon Group of Companies PLC, started in 1985 and is a publicly listed independent specialist provider of consumer finance. The Group, originally formed in 1985, is listed in the FTSE 250 and it’s shares are owned by a wide range of institutional shareholders as well as private investors.

Paragon is the only UK lender to provide a totally dedicated service to the professional residential property investors. They promise competitive interest rates and a wide range of products. The intermediary market is Paragon’s principal source of new business although direct customers are also welcome.

As buy-to-let specialists and Paragon have a full understanding of the market and are able to create mortgage solutions to address your needs.

Some of Paragon’s products are based on LIBOR (London inter bank offered rate), which is quarterly reviewed and announced in January, April, July and October.

LIBOR Tracker
Buy to Let Variable rate
Low Cost LIBOR Tracker
Freedom Tracker
Fee Saver Re-mortgage
3 yr Discounted Fee Saver Re-mortgage
Fixed Rate
Fee Saver Re-mortgage LIBOR

Libor Tracker product: Interest is set at a rate just above the LIBO uring the whole term of the loan.

Buy to Let Variable Rate: This rate is reviewed based on movements in the money market.

Low Cost LIBOR Tracker: Interest is set at a rate just above LIBOR for the first 12 months it then converts to a higher rate set above the LIBOR. The Freedom Tracker follows the LIBOR too.

Fee Saver Re-mortgage: this is set at a variable rate above the LIBOR.

3 yr Discounted Fee Saver Re-mortgage: This is a discounted fee saver re-mortgage product. A discount on the LIBOR is applied for the first 3 year period. It is then set at a higher rate.

Fixed Rate: These can be 2, 3 or 5 year fixed rate mortgages. After the fixed rate term is over the variable rate is set according to the LIBOR with a charge added.

Fee Saver Re-mortgage product: the interest rate is set according to the LIBOR for the entire term of the mortgage.

Paragon are an ARLA affiliated lender. They have developed a wide range of financial products for property investors. They carry out regular research in the buy-to-let market and issue a monthly Buy To Let Index which monitors property prices, rents and yields across England and Wales.