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Paragon Bank: Buy-To-Let Mortgage reviews

2.61
Based on 6 reviews, last reviewed 20th Sep 2024
No new 5 star reviews
in the past 90 days
100% increase in 1 star reviews
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Latest highest rating:

4

A good BTL lender. A good lender. Competitive and clear. Reviewed on: 24th May 2024
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Kennth Yau

Latest lowest rating:

1

Buyer Beware Paragon offers a product fee to be added to the mortgage most kindly but then prevents you from making overpayments effectively making interest on the... Read more Reviewed on: 20th September 2024
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Mr Blogs

About this product

Paragon Bank offers a range of specialist buy-to-let mortgages, available through intermediaries. A buy-to-let mortgage is designed for landlords looking to purchase a property to rent out. It’s important to be confident that you understand the Ts and Cs and interest rate of a mortgage. Don’t be afraid to reach out to your lender or an independent advisor if you need help understanding your options.

Paragon Bank works directly with brokers to provide mortgage deals. If you’re considering Paragon Bank as your new lender, read our Paragon Bank buy-to-let mortgage reviews. Find out how satisfied existing borrowers are with the service they’ve received.

Learn why homeowners chose Paragon Bank and how satisfied they’ve been throughout their mortgage term. Learn more about the application process and how supportive the lender was throughout. Read about genuine experiences with the customer service team to find out how the provider resolves its borrowers’ concerns. Make an informed decision when choosing your new lender by reading our Paragon Bank buy-to-let mortgage reviews.

If you purchased a buy-to-let property with the help of Paragon Bank, share your experience with others on Smart Money People. Tell us how long you’ve had your mortgage with Paragon Bank and how satisfied you are so far. What are the main benefits you’ve experienced, and are there any things you feel could be improved? Would you recommend the lender to your family and friends? Whether good or bad, write an honest Paragon Bank mortgages review today.

Paragon Bank Buy-To-Let Mortgage reviews (6)

Review of the Paragon Bank, Buy-To-Let Mortgage:

Great!

5
Good products delivered with aplomb. Reviewed on: 10th March 2023

Buyer Beware

1
Paragon offers a product fee to be added to the mortgage most kindly but then prevents you from making overpayments effectively making interest on their fee, how this isn't like the loan PPI of old I do not know. Also buyer beware they use their own Paragon employed surveyor so you are more than likely looking at a down valuation for their benefit. Reviewed on: 20th September 2024

A good BTL lender.

4
A good lender. Competitive and clear. Reviewed on: 24th May 2024

OUTSTANDING QULITY PF SERVICE

5
Paragon helped me when others had failed, They took a different view on my income structures,and they honoured a rate of intrest ,which given the present circumstances regarding swap rates,this made a huge difference to making onward investment decisions. 1 ST for quality of service 1 ST for reliability and speed 1 ST for efficiency 1 ST for friendliness and level of knowledge of personnel ( it does make a huge difference believe me ) THATS WHY PARAGON ARE THE LEADER IN BUY TO LET FUNDING TOP MARKS PARAGON THANK YOU MT Reviewed on: 1st June 2023

Poor review process

2
I was given a decision in principle which included a credit check, they then decided three weeks later that my Credit score of 89.3% was not good enough , No explanation. At least I got my survey fee back. Reviewed on: 28th March 2022

Mortgage application.

1
Never apply for a mortgage with paragon! After taking the application fee of £299 they decide not to lend to you because they don't like the look of the building (nothing wrong with it) and keep your money. If they decide not to lend and you comply with all their terms they should not be able to keep your money. You have been warned - don't use Paragon! Reviewed on: 24th May 2021

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