Switching to a new Paragon Bank mortgage product is usually a straightforward process for existing buy-to-let borrowers. Our free mortgage product switch service helps you secure a new mortgage rate before your current deal expires while making the transition to your new mortgage product as simple as possible.
When can I switch my Paragon Bank mortgage?
Paragon allows eligible borrowers to secure a new mortgage product up to three months before their current mortgage matures, providing an opportunity to lock in a new rate ahead of time.
Track to Fix feature
Paragon's discounted mortgage products include the Track to Fix feature. This allows eligible borrowers to move from a discounted rate to one of Paragon's available fixed-rate product switch options during the discounted period without paying an early repayment charge, subject to the lender's terms and conditions.
How our Paragon Bank mortgage switch service works
- Contact our team by telephone or complete our secure online enquiry form.
- We obtain details of the mortgage products available specifically for your account.
- We explain each available option in clear, straightforward language.
- We help you identify the mortgage product most suitable for your circumstances.
- Once you have selected your preferred mortgage product, we arrange your Paragon Bank product switch and guide you through to completion.
Eligible borrowers
Paragon provides mortgage product switch options for a wide range of buy-to-let borrowers, including:
- Individual landlords.
- Limited companies.
- Limited Liability Partnerships (LLPs).
- Portfolio landlords.
- Properties including single self-contained units, HMOs and multi-unit blocks, subject to lending criteria.
Benefits of a Paragon Bank mortgage product switch
- Secure a new mortgage rate before your current product expires.
- Avoid the time and cost of arranging a full remortgage.
- Continue with your existing lender using a streamlined application process.
- Manage your mortgage product switch with guidance throughout the process.
Why use our service?
- Our Paragon Bank mortgage product switch service is completely free of charge.
- We review all mortgage products available specifically for your account.
- We explain your options clearly and answer any questions you may have.
- We manage your application from start to finish.
- Where appropriate, we can also compare your Paragon Bank mortgage options with products available across the wider UK mortgage market before you make your decision.