Paragon Bank has introduced a new multi-property buy-to-let mortgage process that allows landlords to submit four or more properties in a single application, a shift the lender says will simplify portfolio expansion and cut costs.
The lender, which marked its 30th year in buy-to-let lending in 2025, said the new approach is designed to provide greater flexibility and reduce administration for landlords managing growing portfolios. Borrowers can choose from Paragon’s full product range for both purchases and remortgages and can combine different property types within the same submission, including single units, HMOs and multi-unit blocks.
Applications can include as many as 99 properties, and each property can complete at a different time. Paragon said the process removes application fees — including those ordinarily charged for HMOs and multi-unit blocks — saving £299 per property. Only one legal advice certificate is required for the entire case.
To support consistency and shorten processing times, one underwriter will oversee each multi-property case from start to finish, and brokers will have direct access to that underwriter throughout.
The launch follows the introduction of Paragon’s bespoke mortgage originations platform earlier this year, which the bank said is allowing it to rework processes and propositions to improve service for landlords.
Russell Anderson (pictured), Paragon Bank mortgages commercial director, said: “Buy-to-let is in our DNA and we have been supporting landlords to build portfolios for decades.
“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.”
He added that landlords can combine different products to suit their needs. “Landlords can mix and match from our product range across a number of property types. For example, they may want to select a flat fee product for larger loans, or a nil fee option for smaller mortgages; flexibility is the key.”
Louisa Sedgwick, Paragon Bank managing director of mortgages, added: “This is a further example of our mortgages origination platform enabling us to enhance our proposition to deliver a better service for our customers.
“We launched a streamlined application process for landlords with 15 or fewer properties earlier this year, so the launch of our multi-property proposition builds on that momentum.
“I’m really excited about some of the innovations we have in the pipeline as we evolve our business.”
