Paragon Bank has extended its simplified buy-to-let (BTL) mortgage application journey to cover houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).

The enhanced process is suitable for individual and limited company landlords with up to 15 properties as well as single self-contained units, HMOs and MUBs.

Products are available up to 75% loan-to-value (LTV) and up to £2 million exposure with Paragon.

The bank launched its new service service for single self-contained properties in the summer, with this expansion enabling landlords with more complex property requirements to also take advantage.

For qualifying applications, with Paragon carrying out the valuation, brokers now only need to provide a property schedule and this is only applicable where borrowers hold four or more  BTL properties.

Paragon Bank managing director of mortgages Louisa Sedgwick says: “This is a natural next step in the evolution of our proposition. We’re proud of our heritage in complex buy-to-let lending, and this enhancement means landlords can now access that expertise through a much simpler and faster application journey.”

“HMOs and MUBs are increasingly attractive to landlords looking to maximise returns, and we want to make it easier for those new to these property types to get started and grow.”