| Criteria Requirement | Assessment Policy |
|---|---|
| Income basis | Rental coverage (ICR) / portfolio-assessed |
| Day-one lending | N/A — BTL, rental-assessed |
| Minimum history | Portfolio/experience-based |
| IR35 (inside) stance | N/A — assessed on rental, not day rate |
| Umbrella accepted | Personal income accepted where required |
| Limited company | Yes — SPV and limited company BTL |
| Gaps between contracts | N/A — rental-assessed |
| Adverse credit | Clean credit preferred |
| Underwriting | Manual |
| Broker access | Intermediary |
Yes — it's one of the largest specialist BTL banks, geared to professional and portfolio landlords with deep underwriting for complex portfolios. Exact terms are confirmed live at application.
Yes — SPV and limited company BTL is core, alongside HMOs and multi-unit blocks. Specifics are confirmed at application.
On rental coverage (ICR) and portfolio strength rather than day rate; personal contractor income is evidenced where required.
Yes — HMOs and multi-unit property sit within its specialist range. Specifics are confirmed at application.
It's geared more to professional and portfolio landlords; a first-time single-property landlord may fit a mainstream BTL lender better. We'll advise on the best fit.
Speak to our contractor mortgage specialists to check live Paragon Bank rates and verify your borrowing capacity.