Paragon Bank has launched a multi-property buy-to-let (BTL) mortgage proposition to allow landlords to apply for four or more properties in a single application.

Landlords can choose from any of Paragon’s product range for both purchase and remortgage and can select any property type in the application, including single self-contained units, HMOs and multi-unit blocks (MUBs).

Properties included within the single application can complete at separate times, allowing up to 99 properties to be included as part of the multi-property application.

There are no application fees, including for HMOs and MUBs, and only one legal advice certificate is required, rather than one per property.

A single underwriter will manage the whole application to completion, who brokers will have direct access to during the process.

Paragon Bank mortgage commercial director Russell Anderson says: “Buy-to-let is in our DNA and we have been supporting landlords to build portfolios for decades.”

“The launch of our multi-property proposition sets us apart from peers as it gives landlords a quick and cost-efficient way of adding a number of properties in one go, but the flexibility to manage those transactions individually.”

“Landlords can mix and match from our product range across a number of property types. For example, they may want to select a flat fee product for larger loans, or a nil fee option for smaller mortgages; flexibility is the key.”

Earlier this month, Paragon Bank promoted four within its development finance division.