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Paragon extends BTL range for expat landlords and holiday lets

Paragon has added to its buy-to-let mortgage range to include mortgages for expat landlords with rental property in the UK and for UK holiday lets, which both represent growing segments of the UK buy-to-let mortgage market.

Mortgages for expat landlords are available at loan to value (LTV) ratios up to 70% for loan amounts up to a maximum of £750,000 and at up to 65% LTV for loan amounts up to a maximum of £1m.

Mortgages for holiday lets are available up to a 70% LTV for loan amounts up to a maximum of £500,000.


Paragon’s expat mortgages, available via mortgage intermediaries for individual and limited company landlords with single, self-contained units, can be used by landlords based in over 30 countries to finance property in the UK.

Landlords must hold a current UK passport, have held a UK bank account for at least three years and use a managing agent.

Paragon’s holiday let mortgages, also available through mortgage intermediaries, can be assessed on Assured Shorthold Tenancy (AST) rental income or proven, historic holiday let income.

Visit Britain recorded a 6% increase in domestic overnight holiday trips to 59.1 million in 2017, while international holiday visits to the UK also increased 11% to 15.4 million, thanks in part to good summer weather and a weaker pound.

John Heron, managing director of mortgages at Paragon, said: “We are really pleased with these product changes and hope that they will be received well by our intermediary partners.

“We have looked very carefully at the customer journey for expat buy-to-let landlords and have identified a number of areas where we think it can be simplified and improved.

“Similarly, with our holiday let criteria we are recognising how landlord strategies can change in the face of a more fluid rental market.”

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