Paragon Bank has completed the refinancing of a 77-property portfolio through its multi-property proposition, with the transaction expected to save the landlord approximately £280,000 over five years compared to their previous lending arrangement.
The case involved an experienced portfolio landlord working with broker Robert Haddrick of Bell Mortgage Solutions. The client consolidated borrowing into a single multi-property application, rather than managing separate mortgages across the portfolio.
Consolidated application structure
Paragon’s multi-property proposition allows portfolio landlords to include between four and 99 properties within a single application. The structure includes free valuations on every property, a dedicated underwriter managing the application from start to finish, and a single independent legal advice certificate across the portfolio rather than per property.
The approach reflects broader changes in the buy-to-let sector, where mortgage costs remain a key consideration for landlords managing larger portfolios. The proposition allows borrowers to blend products across Paragon’s range and complete properties at different times.
“For a portfolio of this size, the ability to place everything within a single application made a real difference,” said Robert Haddrick, broker at Bell Mortgage Solutions. “The process was straightforward considering the scale, and the overall outcome delivered a clear financial benefit for the client.”
Underwriting approach
The case was managed by a single underwriter throughout the application process. Stephen Harrison, business development manager at Paragon Bank, described the case as complex and large-scale.
“This was a complex, large-scale case, but by taking a portfolio-wide approach we were able to structure a solution that delivered a strong overall outcome for the client,” Harrison said. “The level of saving achieved reflects how important it is to look at the full portfolio rather than treating each property in isolation.”
Harrison noted that cases of this size are sometimes associated with specialist or niche lenders, but said the transaction demonstrated what could be achieved through a prime proposition with appropriate structure and support.
The transaction comes as landlords and property professionals face increasing pressure to streamline operations and reduce costs. The consolidation of multiple properties into single applications represents one approach to managing administrative burden while potentially reducing overall borrowing costs.