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Paragon

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A very professional lender who has always been concerned about quality rather than quantity.

What they will still do:

  • Lending up to 75% LTV
  • Lending to portfolio and professional landlords
  • Limited Company mortgages
  • Single self-contained properties up to 4 tenants with a remote valuation
  • Lending on HMOs and Multi-Unit-Blocks. These will still require a physical valuation, so we will accept the case and underwrite, but book in the survey when possible.
  • Lending within 6 months of purchase
  • Lower rental calculation for 5 year fixed rates
  • Large Loans up to £2m per property

What they are temporarily halting:

  • Student Lets
  • Holiday Lets
  • Short Term Finance
  • Loans greater than 75% LTV

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.