Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.

Portfolio Landlord Saves £280,000 Through Paragon Bank Multi-Property Refinance

Paragon Bank has completed the refinancing of a 77-property portfolio, with the transaction expected to save the landlord approximately £280,000 over five years compared to their previous lending arrangement. The refinancing was managed through Paragon’s multi-property proposition and involved broker Robert Haddrick of Bell Mortgage Solutions.

The landlord consolidated borrowing into a single multi-property application, rather than managing separate mortgages for each property. Paragon’s multi-property proposition allows portfolio landlords to include between four and 99 properties within a single application. This structure provides free valuations on every property, a dedicated underwriter for the entire process, and a single independent legal advice certificate for the whole portfolio.

The approach is designed to streamline the refinancing process for landlords with larger portfolios, reflecting broader changes in the buy-to-let sector where mortgage costs are a key consideration. The proposition also allows borrowers to blend products from Paragon’s range and complete properties at different times.

The case was managed by a single underwriter throughout the application process. Paragon Bank described the case as complex and large-scale, noting that the portfolio-wide approach enabled a strong overall outcome for the client. The transaction demonstrates how consolidating multiple properties into a single application can help landlords manage administrative burdens and potentially reduce overall borrowing costs.

This development comes as landlords and property professionals face increasing pressure to streamline operations and reduce costs in the current market.