Paragon Mortgages

Why are you looking for a mortgage?
Filter your results
You have a 75% loan-to-value

    Your search returned no results

    We can't find any mortgages to match your search. Why not try reducing your LTV, changing your repayment type or removing any filters, then try again.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

Award-winning comparisons you can trust

It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

Last updated on 22 March 2021.

Paragon Mortgages FAQ

What is a Paragon mortgage?

Paragon offer a number of mortgage products, providing residential mortgages for those looking to purchase a home of their own and buy-to-let mortgages for those looking to generate income from renting a property to rent-paying tenants.

How do buy-to-let mortgages work?

Many buy-to-let mortgages are interest-only, meaning the borrower is required to pay only the interest on a mortgage from month to month. When the mortgage term ends, they are required to repay the loan in full, usually as a lump sum.

How does a Paragon residential mortgage work?

In contrast, a residential mortgage can be interest-only, to reduce the monthly costs of a mortgage for first-time buyers or require only repayment mortgages. The latter necessitates the buyer repaying a proportion of their loan monthly, with added interest.

What determines the rate of interest on my mortgage?

This depends on whether you opt for a variable or fixed-rate mortgage product. Variable-rate mortgages can be potentially more costly, as the interest to be paid is more volatile over time, which can increase the costs month to month. Fixed-rate mortgages lock in a single rate for a limited period of time.

Why do buyers use fixed-rate mortgages?

Fixed-rate mortgages such as those provided by Paragon and other lenders lock in a cheap rate of interest, especially for first-time buyers looking to keep mortgage costs at a minimum. Rates can be fixed for a handful of years

What if I wish to repay my Paragon mortgage early?

Better cash flow might make it seem preferable to repay early because it would seem to reduce the number of future monthly repayments. However, Paragon may be inclined to implement an Early Repayment Charge, which could make early repayments considerably more costly than expected.

What happens if I default on a Paragon mortgage?

You may face financial penalties for failing to meet the monthly repayments, and your credit score is likely to be downgraded. This is because you would be viewed as a risky borrower to lend to. In addition, you may be required to sell assets, including your own home, if you need a sizeable amount of cash flow to repay outstanding debts.

What do I need in order to apply for a Paragon mortgage?

Most providers expect you to offer ID, as well as financial documents such as bank statements and payslips. These help Paragon build up a financial history and verify your identity. These documents help them assess whether you are capable of repaying the mortgage loan over time.

Where can I compare Paragon mortgages?

NerdWallet has its very own comparison table, specially-designed to provide you with an array of mortgage products by Paragon. Use it to determine which type of mortgage product best-suits your needs, whether you wish to keep interest payments low, or if you wish to occupy a property or rent it out.

Services offered by this provider may change over time. Always check Ts&Cs.