Paragon Bank has launched a multi-property BTL mortgage proposition, for landlords to apply for four or more properties at once.
Up to 99 properties can be included in a single multi-property application.
Landlords can choose from any of Paragon’s product range for both purchase and remortgage and select any property type in the application, including single self-contained units, HMOs and MUFBs.
Additionally, properties included within the single application can complete at separate times.
This proposition has also been designed to help landlords reduce costs as there are no application fees, which Paragon estimates could help save £299 per property. One legal advice certificate would also be required, instead of one per property.
A single underwriter will also manage the whole application to completion, who brokers will have direct access to during the process.
“BTL is in our DNA and we have been supporting landlords to build portfolios for decades,” said Russell Anderson, commercial director at Paragon Bank Mortgages (pictured above).
“The launch of our multi-property proposition sets us apart from peers as it gives landlords a quick and cost-efficient way of adding a number of properties in one go, but the flexibility to manage those transactions individually.”
