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This website is for use by mortgage intermediaries only

Products > England & Wales

Purchase and remortgage

Single, self-contained properties only, no limited companies.

Free valuation, application fee of £150 to apply.

2 year fixed rates (65% LTV) - LIMITED EDITION

2.05% - Fixed for 2 years
  • Product Code: BM1186
  • Fixed rate of 2.05%
  • APR - 4.80%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - £495
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
  • Maximum loan amount - £500,000

2 year fixed rates (65% LTV)

2.50% - Fixed for 2 years
  • Product Code: BM1177
  • Fixed rate of 2.50%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - £495
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
  • Maximum loan amount - £500,000

2 year fixed rates (75% LTV) - LIMITED EDITION

1.95% - Fixed for 2 years
  • Product Code: BM1187
  • Fixed rate of 1.95%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - 1.00%
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
2.05% - Fixed for 2 years
  • Product Code: BM1188
  • Fixed rate of 2.05%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - £995
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
  • Maximum loan amount - £500,000

2 year fixed rates (75% LTV)

2.35% - Fixed for 2 years
  • Product Code: BM1178
  • Fixed rate of 2.35%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - 1.00%
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
2.70% - Fixed for 2 years
  • Product Code: BM1179
  • Fixed rate of 2.70%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - £495
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
  • Maximum loan amount - £500,000

2 year fixed rates (80% LTV)

2.99% - Fixed for 2 years
  • Product Code: BM2095
  • Fixed rate of 2.99%
  • APR - 5.00%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - 1.00%
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC

3 year fixed rate (75% LTV)

2.90% - Fixed for 3 years
  • Product Code: BM1181
  • Fixed rate of 2.90%
  • APR - 4.80%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - £495
  • Early repayment terms - 5% in year 1, 4% in year 2, 3% in year 3
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
  • Maximum loan amount - £500,000

3 year fixed rate (80% LTV)

3.35% - Fixed for 3 years
  • Product Code: BM2097
  • Fixed rate of 3.35%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - £495
  • Early repayment terms - 5% in year 1, 4% in year 2, 3% in year 3
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC
  • Maximum loan amount - £500,000

5 year fixed rate (75% LTV) - LIMITED EDITION

3.45% - Fixed for 5 years
  • Product Code: BM1190
  • Fixed rate of 3.45%
  • APR - 4.70%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - NIL
  • Early repayment terms - 5% in years 1 & 2, 4% in year 3 & 4, 3% in year 5
  • ICR rate - 4.00%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC

5 year fixed rate (75% LTV)

3.65% - Fixed for 5 years
  • Product Code: BM1182
  • Fixed rate of 3.65%
  • APR - 4.80%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - 1%
  • Early repayment terms - 5% in years 1 & 2, 4% in year 3, 3% in year 4, 2% in year 5
  • ICR rate - 4.00%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC

After the fixed term, if the mortgage is interest only, it may be converted to capital and interest repayment, subject to 28 days' written notice.

APR calculated using an illustrative loan of £150,000.

All our products are subject to availability and can be withdrawn at any time.




The gross rental income from the property should equal or exceed the ICR as determined using a combination of the tax band applicable to an applicant’s income and the property type. The tax band applicable to the applicant with the highest income will be used.
This will be calculated using the amount requested at either the product charging rate plus 2% or 5.5%, whichever is the greater. The exception to this rule will be 5 year fixed rate products, which will be calculated using the amount requested, at either the product charging rate or 4.00%, whichever is the greater.
The applicable ICR rate is shown against each product.

Remortgage only

Single, self-contained properties only, no limited companies.

Free valuation, application fee of £150 to apply, no legal fees.

 

Please note that the No Legal Fees facility requires the choice of a legal service provider nominated by Mortgage Trust. The service provides for legal fees and disbursements limited to remortgages where all the land comprised in the title currently owned by the applicant will be charged to the lender. If this is not the case, or any other legal services are required, Mortgage Trust’s nominated legal service provider may charge additional costs for which the applicant will be liable. In all cases, the nature of the additional work and costs will be agreed beforehand between the legal service provider and the applicant.

2 year fixed rate (75% LTV)

2.99% - Fixed for 2 years
  • Product Code: BM1180
  • Fixed rate of 2.99%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - NIL
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.50%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC

2 year fixed rate (80% LTV)

3.65% - Fixed for 2 years
  • Product Code: BM2096
  • Fixed rate of 3.65%
  • APR - 5.00%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - NIL
  • Early repayment terms - 3% for 2 years
  • ICR rate - 5.65%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC

5 year fixed rate (75% LTV)

3.99% - Fixed for 5 years
  • Product Code: BM1183
  • Fixed rate of 3.99%
  • APR - 4.90%
  • After the fixed period, revert to Paragon Bank SVR (currently 5.10%)
  • Product fee - 0.50%
  • Early repayment terms - 5% in years 1 & 2, 4% in years 3, 3% in year 4, 2% in year 5
  • ICR rate - 4.00%
  • Interest coverage ratio - please see the ICR level table on our criteria page
  • Funded by Paragon Bank PLC

After the fixed term, if the mortgage is interest only, it may be converted to capital and interest repayment, subject to 28 days' written notice.

APR calculated using an illustrative loan of £150,000.

All our products are subject to availability and can be withdrawn at any time.

 

The gross rental income from the property should equal or exceed the ICR as determined using a combination of the tax band applicable to an applicant’s income and the property type. The tax band applicable to the applicant with the highest income will be used.
This will be calculated using the amount requested at either the product charging rate plus 2% or 5.5%, whichever is the greater. The exception to this rule will be 5 year fixed rate products, which will be calculated using the amount requested, at either the product charging rate or 4.00%, whichever is the greater.
The applicable ICR rate is shown against each product.

 

Please refer to Mortgage Trust Lending guidelines and submission requirements for full criteria.

Mortgage Trust and Paragon Mortgages are trading styles of Paragon Mortgages (2010) Limited (Registered in England No. 6595834) and Paragon Bank PLC (Registered in England No. 05390593). Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Paragon Bank PLC is registered on the Financial Services Register under the Firm Reference No. 604551. Registered office: 51 Homer Road, Solihull, West Midlands B91 3QJ.