Paragon Bank has supported the refinance of a complex 77-property portfolio through its Multi-Property Portfolio proposition, with the deal expected to save the landlord around £280,000 over 5 years.
Paragon Bank has supported the refinance of a complex 77-property portfolio through its Multi-Property Portfolio proposition.
The case involved an experienced landlord working with broker Robert Haddrick of Bell Mortgage Solutions, who was looking to refinance a large and diverse portfolio.
By consolidating the borrowing into a single multi-property application with Paragon, the client is expected to save around £280,000 over 5 years compared with remaining with their existing lender.
Paragon said the saving reflected efficiencies available when larger portfolio cases are structured through a single application. These include free valuations on every property, a dedicated underwriter managing one application from start to finish and a single independent legal advice certificate across the whole portfolio rather than for each property.
The bank’s multi-property proposition allows landlords to include between 4 and 99 properties within a single application. It also allows products to be blended across the range and properties to complete at different times.
Paragon said the structure was designed to simplify complex cases while maintaining flexibility for portfolio landlords and reducing both cost and administrative work for brokers and clients.
The case was supported by a dedicated underwriting approach, with a single underwriter overseeing the application through to completion.
Robert Haddrick, broker at Bell Mortgage Solutions, said: “For a portfolio of this size, the ability to place everything within a single application made a real difference. The process was straightforward considering the scale, and the overall outcome delivered a clear financial benefit for the client.”
He added: “Jay Todd, the lead underwriter, never lost sight of the detail across the case and communicated clearly throughout, while Stephen Harrison’s support as BDM was invaluable, acting as a constant point of contact for both the client and me.”
Stephen Harrison, business development manager at Paragon Bank, said: “This was a complex, large-scale case, but by taking a portfolio-wide approach we were able to structure a solution that delivered a strong overall outcome for the client.
“The level of saving achieved reflects how important it is to look at the full portfolio rather than treating each property in isolation.
“Cases of this size are sometimes associated with more specialist or niche lenders, but this demonstrates what can be achieved through a prime proposition with the right structure and support.”