Paragon’s new mortgage platform is faster, smarter and more transparent — but what does this mean for landlords and brokers?
At Paragon, innovation has always been at the centre of our buy-to-let lending journey. With over 30 years of experience, we understand that the buy-to-let landscape is always changing — and so are we. Earlier this year, we launched our new mortgages digitalisation programme, marking a new step-change in how we support landlords and brokers with our expertise.
Our technology isn’t just streamlining our internal processes, it’s actively transforming our approach to the buy-to-let market and accelerating product innovation in ways that directly benefits your business, whether you’re a broker or a landlord.
“We recognised that we needed a faster, smarter and more transparent application process…”
As Paragon’s commercial director for mortgages Russell Anderson explained: “This is part of a group-wide digitalisation programme. We recognised that we needed a faster, smarter and more transparent application process that enabled us to be more innovative and agile. The new platform was designed in-house after two years of collaboration with brokers to ensure it met their needs.”
We wanted to ensure that our new platform focused on three principles: certainty, transparency and speed — and at Paragon, we kept these principles at the forefront of our plans when we began integrating trusted data sources like Companies House, Experian and Hometrack.
In comparison to other systems that require manual steps, integrating these data sources means that we can now:
- Pre-populate applications
- Reduce duplication
- Cut application-to-offer times dramatically
So, how does our new technology support you?
At Paragon, we’re committed to improving the landlord and broker experience, and the results are speaking for themselves. Since the introduction of the digitalisation programme, brokers are benefiting from instant Decisions in Principle for of 80% of cases, with referred applications typically reviewed within a day.
But that’s not all — valuations are instructed automatically and landlords with simpler, more straightforward cases have fewer document requirements thanks to AI-driven checks and third-party data integration. For example, those with simpler portfolios often don’t need to provide payslips or tax returns, while full underwriting standards are still maintained. This means less back-and-forth, streamlined communication, and more certainty early in the process.
Paragon Bank extends new BTL application process to HMOs and MUBs
It’s a faster, more cost-effective route for landlords seeking to mortgage a portfolio of properties
Not only has the platform enabled Paragon to introduce product and process changes quicker — it means we’re even more agile. We’ve introduced a multi-property application process, allowing landlords to apply for four or more properties in a single submission.
It’s a faster, more cost-effective route for landlords seeking to mortgage a portfolio of properties at the same time, allowing us to address specific customer groups in the market and tailor propositions for them. This simply isn’t possible in less sophisticated systems, and it allows us to tailor propositions for you.
From the complex to the simple, we do it all
Despite being known for complex buy-to-let cases, we’ve made concerted efforts to make it easier for landlords with simpler portfolios. Our multi-property application process also includes a new proposition for landlords with up to 15 properties — offering a streamlined process that removes the need for documents like payslips or tax returns in most cases and only one independent legal advice (ILA) certificate is needed across the whole application, reducing your client’s solicitor costs.
So, don’t just think of Paragon for complex cases, our new technology has enabled us to make it easier for those with smaller portfolios to access buy-to-let finance, whether you’re a new entrant or looking to grow your portfolios, we’ve got it covered. We’re committed to supporting landlords at every stage of their journey At Paragon, we keep evolving. We’re focussed on continually refining our new platform based on your feedback to make sure that the process is even more intuitive. We’re continually working on product and process developments to introduce products that reflect the evolving rental market and sustainability needs.
Our ongoing enhancements and innovations reflect our commitment to supporting landlords at every stage of their journey — and there will be plenty more in the future.
Find out more here (link to
