A summary of our key lending criteria is set out below. For full information, please see our Lending guidelines and submission requirements.

Any fees that may be added to the loan are excluded from the LTV calculations. 

*Varied for some products, see product features

Maximum aggregate borrowing

A lending limit of £1,000,000 and no more than 5 properties applies across all Paragon Group mortgage products.

Applicants

Applications will be considered for a maximum of two individuals in their personal names. No limited company applications.

Income

Applicant(s) income can include:

- gross employment income

- taxable self-employed income

Income from renting property cannot be included

Affordability

Gross rental income from the property should equal or exceed the individual product requirements, subject to an absolute minimum of 125% of an interest only loan payment calculated at a rate of 5% or the product charging rate if greater.

Minimum loan amount

£30,000

Mortgage term

Minimum - 5 years

Maximum - 25 years

Property

Minimum purchase price/property value is £75,000.

Applications for single self-contained properties only. HMOs or multi-unit blocks are not applicable.