Buy-to-let Product Guide

(1)

Buy-to-let Product Guide

Product Highlights

Page 4

£995 fee - 75%LTV

3.05 % 2 year fixed

Page 4

Nil fee - 75%LTV

3.40 % 2 year fixed

Page 6

£995 fee - 75%LTV

3.70 % 5 year fixed

Page 4

1% fee - 80%LTV

3.45 % 2 year fixed

(2)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

PURCHASE AND REMORTGAGE

2 YEAR TRACKER RATES (75% LTV)

Tracker Rates

from 2.80%

Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply.

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

2PN276

_{(LIBOR + 2.20%)}

2.80%

2.00%

3% for 2 years

5.30%

c, d, e, 1, 2, 4, 7

N/A

2PN277

_{(LIBOR + 2.70%)}

3.30%

1.00%

5.30%

c, d, f, 1, 2, 4, 7

2PN278

_{(LIBOR + 3.10%)}

3.70%

NIL

5.30%

c, d, g, 1, 2, 4, 7

2PN279

_{(LIBOR + 3.20%)}

3.80%

1.00%

None

5.40%

c, d, g, 1, 2, 4, 7

_{for no ERC products where the}We do not accept applications

applicant is remortgaging their residential home on a buy-to-let (let-to-buy) basis.

2PN280

_{(LIBOR + 3.60%)}

4.20%

£499

5.40%

b, h, 1, 2, 4, 7

www.mortgagetrust.co.uk

2 Please refer to Mortgage Trust Lending guidelines and submission requirements for full criteria.

2 YEAR TRACKER RATES (80% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

2PO061

_{(LIBOR + 3.05%)}

3.65%

1.50%

3% for 2 years

5.40%

b, g, 1, 2, 4, 7

N/A

2PO062

_{(LIBOR + 3.70%)}

4.30%

NIL

5.30%

b, 1, 2, 4, 7

Criteria notes

a. Maximum loan amount - £300,000 b. Maximum loan amount - £500,000

c. Maximum loan amount to 70% LTV - £1,000,000 d. Maximum loan amount over 70% LTV - £500,000 e. Subject always to a minimum rate of 2.50% f. Subject always to a minimum rate of 3.00% g. Subject always to a minimum rate of 3.50% h. Subject always to a minimum rate of 4.00%

Product notes

1. Please note after the fixed term or initial tracker period that the margin above LIBOR may be varied subject to 28 days’ written notice

2. Funded by Paragon Mortgages (2010) Limited 3. Funded by Paragon Bank PLC 4. Reversion rate - after the initial tracker period, LIBOR + 4.75% 5. Reversion rate - after the initial fixed period, LIBOR + 4.75% 6. Reversion rate - after the initial fixed period, revert to Paragon Bank SVR (currently 5.35%) 7. Interest coverage ratio - 125% at 5.35% or product charging rate if greater After the fixed term or initial tracker period, if the mortgage is interest only, it may be converted to capital & interest repayment, subject to 28 days’ written notice. APR calculated using an illustrative loan of £100,000. All our products are subject to availability and can be withdrawn at any time.

(3)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

Tracker Rates

continued

REMORTGAGE ONLY - No legal fees

2 YEAR TRACKER RATES (75% LTV)

Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply; no legal fees.

Please note that the No Legal Fees facility requires the choice of a legal service provider nominated by Mortgage Trust. The service provides for legal fees and

disbursements limited to remortgages where all the land c omprised in the title currently owned by the applicant will be charged to the lender. If this is not the

case, or any other legal services are required, Mortgage Trust’s nominated legal service provider may charge additional costs for which the applicant will be

liable. In all cases, the nature of the additional work and costs will be agreed beforehand between the legal service provider and the applicant.

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

2PN281

_{(LIBOR + 2.35%)}

2.95%

2.00%

3% for 2 years

5.30%

c, d, e, 1, 2, 4, 7

N/A

2PN282

_{(LIBOR + 2.85%)}

3.45%

1.00%

5.30%

c, d, f, 1, 2, 4, 7

2PN283

_{(LIBOR + 3.25%)}

3.85%

NIL

5.30%

c, d, g, 1, 2, 4, 7

Notes

(4)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

PURCHASE AND REMORTGAGE

2 YEAR FIXED RATES (75% LTV)

2 YEAR FIXED RATES (65% LTV)

Fixed Rates

from 2.65%

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1082

2.65%

1.50%

3% to 30/04/18

5.20%

c, d, 3, 6, 7

Rate fixed until 30/04/18

BM1083

3.05%

£995

5.20%

b, 3, 6, 7

BM1084

3.40%

NIL

5.20%

c, d, 3, 6, 7

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1079

2.79%

£995

3% to 30/04/18

5.20%

b, 3, 6, 7

Rate fixed until 30/04/18

BM1080

2.95%

£495

5.20%

b, 3, 6, 7

BM1081

2.99%

£295

5.20%

b, 3, 6, 7

www.mortgagetrust.co.uk

4 Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply.

Please refer to Mortgage Trust Lending guidelines and submission requirements for full criteria.

Notes

Criteria notes

Product notes

2 YEAR FIXED RATES (80% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM2047

3.45%

1.00%

3% to 30/04/18

5.30%

c, d, 3, 6, 7

Rate fixed until 30/04/18

(5)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

PURCHASE AND REMORTGAGE

Fixed Rates

continued

Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply.

3 YEAR FIXED RATES (75% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1088

3.20%

1.00%

5% to 30/04/17

4% to 30/04/18

3% to 30/04/19

5.10%

c, d, 3, 6, 7

Rate fixed until 30/04/19

BM1089

3.30%

£995

5.10%

b, 3, 6, 7

BM1090

3.50%

NIL

5.10%

c, d, 3, 6, 7

Notes

3 YEAR FIXED RATES (80% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM2050

3.70%

1.50%

5% to 30/04/17

4% to 30/04/18

3% to 30/04/19

5.30%

c, d, 3, 6, 7

Rate fixed until 30/04/19

(6)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

PURCHASE AND REMORTGAGE

Fixed Rates

continued

www.mortgagetrust.co.uk

6 Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply.

5 YEAR FIXED RATE (75% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1092

3.70%

£995

5% to 30/04/18

4% to 30/04/19

3% to 30/04/20

2% to 30/04/21

5.00%

b, 3, 6, 7

Rate fixed until 30/04/21

Please refer to Mortgage Trust Lending guidelines and submission requirements for full criteria.

Notes

Criteria notes

Product notes

5 YEAR FIXED RATES (80% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM2053

3.99%

1.50%

5% to 30/04/18

4% to 30/04/19

3% to 30/04/20

2% to 30/04/21

5.20%

c, d, 3, 6, 7

Rate fixed until 30/04/21

(7)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

REMORTGAGE ONLY - No legal fees

2 YEAR FIXED RATES (75% LTV)

Fixed Rates

continued

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1085

2.99%

£1,995

3% to 30/04/18

5.30%

b, 3, 6, 7

Rate fixed until 30/04/18

BM1086

3.35%

£495

5.30%

b, 3, 6, 7

BM1087

3.55%

NIL

5.20%

c, d, 3, 6, 7

3 YEAR FIXED RATE (75% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1091

3.75%

NIL

5% to 30/04/17

4% to 30/04/18

3% to 30/04/19

5.20%

c, d, 3, 6, 7

Rate fixed until 30/04/19

2 YEAR FIXED RATE (80% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM2049

4.49%

NIL

3% to 30/04/18

5.40%

c, d, 3, 6, 7

Rate fixed until 30/04/18

Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply; no legal fees.

Please note that the No Legal Fees facility requires the choice of a legal service provider nominated by Mortgage Trust. The service provides for legal fees and

disbursements limited to remortgages where all the land comprised in the title currently owned by the applicant will be charged to the lender. If this is not the

case, or any other legal services are required, Mortgage Trust’s nominated legal service provider may charge additional costs for which the applicant will be

liable. In all cases, the nature of the additional work and costs will be agreed beforehand between the legal service provider and the applicant.

(8)

0.6

%

next LIBOR reset date

01.04.16 Paragon Bank Standard Variable

Rate (SVR)

5.35

%

REMORTGAGE ONLY - No legal fees

3 YEAR FIXED RATE (80% LTV)

Fixed Rates

continued

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM2052

4.50%

NIL

5% to 30/04/17

4% to 30/04/18

3% to 30/04/19

5.30%

c, d, 3, 6, 7

Rate fixed until 30/04/19

Single, self-contained properties only; no limited companies. Free valuation; application fee of £150 to apply; no legal fees.

Please note that the No Legal Fees facility requires the choice of a legal service provider nominated by Mortgage Trust. The service provides for legal fees and

disbursements limited to remortgages where all the land comprised in the title currently owned by the applicant will be charged to the lender. If this is not the

case, or any other legal services are required, Mortgage Trust’s nominated legal service provider may charge additional costs for which the applicant will be

liable. In all cases, the nature of the additional work and costs will be agreed beforehand between the legal service provider and the applicant.

www.mortgagetrust.co.uk

8 Please refer to Mortgage Trust Lending guidelines and submission requirements for full criteria.

Notes

Criteria notes

Product notes

5 YEAR FIXED RATE (75% LTV)

5 YEAR FIXED RATE (80% LTV)

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM1093

3.90%

£995

5% to 30/04/18

4% to 30/04/19

3% to 30/04/20

2% to 30/04/21

5.10%

b, 3, 6, 7

Rate fixed until 30/04/21

Code

Initial Rate

Product Fee

Early Redemption Charge

APR

Notes (see below)

Additional Details

BM2055

4.70%

NIL

5% to 30/04/18

4% to 30/04/19

3% to 30/04/20

2% to 30/04/21

(9)

General Information

INTEREST COVERAGE RATIO

APPLIES TO ALL PRODUCTS

The gross rental income from the property is subject to an absolute minimum of 125% of an interest only loan payment calculated

at 5.35% or the product charging rate if greater.

A non refundable application fee of £150 applies.

After the fixed term or initial tracker period, if the mortgage is interest only, it may be converted to capital and interest

repayment, subject to 28 days’ written notice.

All products are subject to availability of funds and withdrawal at any time.

APR calculated using an illustrative loan of £100,000.

OTHER FEES

ADVANCE

Up to 80% LTV

Up to 70% LTV

Min loan

Max aggregate loan

Min age

Min term

Max term

£500,000

£1,000,000

£30,000

A lending limit of £1,000,000 and no more than 5 properties

_{applies across all Paragon Group mortgage products}

21 5 years

25 years

Application fee

Re-inspection fee

Product fee

A non refundable application fee on all submissions. If a re-inspection of the property becomes necessary at any time after the original valuation, a fee will be

charged.

This fee can be added to the loan and is excluded from LTV calculation.

£150

£100

See individual product details

Funds transfer fee

Property insurance contingency fee

Revised documents fee

Charges for the telegraphic transfer of funds to

the solicitor will normally be added to the loan on completion of the mortgage.

Where buildings insurance is not arranged with Paragon, a fee will be charged and is normally added to the loan on completion of the mortgage.

This fee is payable where revision of an offer of loan is due to a product change.

(10)

Purchase price / remortgage estimated valuation

Total Fee

You save

You pay (application fee)

£75,000 to £100,000

£430

£280

£150

£100,001 to £150,000

£450

£300

£150

£150,001 to £200,000

£490

£340

£150

£200,001 to £300,000

£545

£395

£150

£300,001 to £400,000

£600

£450

£150

£400,001 to £500,000

£640

£490

£150

£500,001 to £600,000

£720

£570

£150

£600,001 to £700,000

£800

£650

£150

£700,001 to £800,000

£840

£690

£150

£800,001 to £900,000

£900

£750

£150

£900,001 to £1,000,000

£965

£815

£150

£1,000,001 to £1,500,000

£1,150

£1000

£150

£1,500,001 to £2,000,000

£1,400

£1250

£150

£2,000,001 to £2,500,000

£1,650

£1500

£150

£2,500,001 plus

Refer to lender

General Information

Please refer to Mortgage Trust Lending guidelines and submission requirements for full criteria.

_MT11963 (01/2016)

Mortgage Trust and Paragon Mortgages are trading styles of Paragon Mortgages (2010) Limited (Registered in England No: 6595834) and Paragon Bank

PLC (Registered in England No: 5390593). Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct

Authority and the Prudential Regulation Authority. Paragon Bank PLC is registered on the Financial Services Register under the Firm Reference No: 604551.

Registered office: 51 Homer Road, Solihull, West Midlands B91 3QJ.

MORTGAGE TRUST 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, B91 3QJ

tel

0345 849 4055

fax

0345 849 4041

email

[email protected]

web

www.mortgagetrust.co.uk

VALUATION FEES

(Free until further notice)

The total fee includes a non refundable application fee of £150. The mortgage valuation report is a Security Assessment carried

out for the benefit of the Paragon Group to determine if a property provides acceptable security for mortgage purposes. Where an

internal inspection has been carried out and the proposed security is subsequently declined, a valuation report will not be made

available although a summary will be given advising why the property is deemed to be unsuitable.