Paragon Mortgages Limited

Paragon Mortgages currently offers a choice of fixed and tracker rate buy-to-let mortgage products. Please click on the relevant link below to view these products.

Fixed rates*

Tracker rates*

Fixed rates

ICR - Interest coverage ratio

(a) Single self contained unit - the gross rental income from the property is subject to an absolute minimum of 125% of an interest only payment calculated at 5% or product charging rate if greater

(b) HMO / Multi-unit block - the gross rental income from the property is subject to an absolute minimum of 130% of an interest only payment calculated at 7%

2 year fixed rates

ICR 125% Product Code (a)	ICR 130% Product Code (b)	Product	Initial rate	APR	Early redemption terms	Product Fee	Max LTV
2PM079	2PM095	Fixed until 30 June 2014	5.30%	6.10%	5% to 30 June 2014	3.00%	70%
2PM080	2PM096	Fixed until 30 June 2014	5.55%	6.10%	5% to 30 June 2014	2.50%	70%
2PM081	2PM097	Fixed until 30 June 2014	5.80%	6.10%	5% to 30 June 2014	2.00%	70%
2PM082	2PM098	Fixed until 30 June 2014	5.35%	6.10%	5% to 30 June 2014	3.00%	75%
2PM083	2PM099	Fixed until 30 June 2014	5.60%	6.10%	5% to 30 June 2014	2.50%	75%
2PM084	2PM100	Fixed until 30 June 2014	5.85%	6.10%	5% to 30 June 2014	2.00%	75%

Reversion rate - after the fixed term, LIBOR + 4.50%. Please note that the margin above LIBOR may be varied, subject to 28 days' written notice.

Tracker rates

2 year tracker rates

ICR 125% Product Code (a)	ICR 130% Product Code (b)	Product	Initial rate	APR	Early redemption terms	Product Fee	Max LTV
2PM069	2PM085	2 year tracker	4.70% (LIBOR + 3.60%) ^	5.90%	3% for 2 years	3.00%	65%
2PM070	2PM086	2 year tracker	4.95% (LIBOR + 3.85%) ^	5.90%	3% for 2 years	2.50%	65%
2PM071	2PM087	2 year tracker	5.20% (LIBOR + 4.10%) **	5.90%	3% for 2 years	2.00%	65%
2PM072	2PM088	2 year tracker	4.80% (LIBOR + 3.70%) ^	6.00%	3% for 2 years	3.00%	70%
2PM073	2PM089	2 year tracker	5.05% (LIBOR + 3.95%) ^	6.00%	3% for 2 years	2.50%	70%
2PM074	2PM090	2 year tracker	5.30% (LIBOR + 4.20%) **	6.00%	3% for 2 years	2.00%	70%
2PM075	2PM091	2 year tracker	4.90% (LIBOR + 3.80%) ^	6.00%	3% for 2 years	3.00%	75%
2PM076	2PM092	2 year tracker	5.15% (LIBOR + 4.05%) **	6.00%	3% for 2 years	2.50%	75%
2PM077	2PM093	2 year tracker	5.40% (LIBOR + 4.30%) **	6.00%	3% for 2 years	2.00%	75%

Reversion rate - after the initial tracker period, LIBOR + 4.50%. Please note that the margin above LIBOR may be varied, subject to 28 days' written notice.

5 year tracker rate

ICR 125% Product Code (a)	ICR 130% Product Code (b)	Product	Initial rate	APR	Early redemption terms	Product Fee	Max LTV
2PM078	2PM094	5 year tracker	5.35% (LIBOR + 4.25%) **	6.00%	3% for 2 years	1.75%	75%

Reversion rate - after the initial tracker period, LIBOR + 4.75%. Please note that the margin above LIBOR may be varied, subject to 28 days' written notice.

APR calculated using a typical loan of £100,000

^ Subject always to a minimum rate of 4%
** Subject always to a minimum rate of 4.5%

All products are subject to availability of funds and withdrawal at any time

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

Please refer to our Lending guidelines and submission requirements for full details of criteria.

Products