Paragon Bank has supported the refinance of a complex 77-property portfolio through its Multi-Property Portfolio proposition, with the deal expected to deliver savings of approximately £280,000 over five years.
The case involved an experienced portfolio landlord working with broker Robert Haddrick of Bell Mortgage Solutions, who was seeking to refinance a large and diverse portfolio. By consolidating the borrowing into a single multi-property application with Paragon, the client benefited from an estimated £280,000 saving over five years compared to staying with their current lender.
The saving reflects the efficiencies that can be achieved when structuring larger portfolio cases through a single application. This includes 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 per property, delivering further savings for landlords.
- Portfolio size: 77 properties
- Estimated saving: £280,000 over five years
- Application range: four to 99 properties in a single case
Paragon's multi-property proposition enables portfolio landlords to include between four and 99 properties within a single application, offering flexibility to blend products across the full range and complete properties at different times. This structure is designed to simplify complex cases while maintaining flexibility for portfolio landlords, reducing both cost and administrative burden for brokers and their clients.
The case was supported by a dedicated underwriting approach, with a single underwriter overseeing the application through to completion, providing consistency across all properties included in the deal.
Structuring a solution for a complex portfolio landlord case
"For a portfolio of this size, the ability to place everything within a single application made a real difference," said Robert Haddrick, broker at Bell Mortgage Solutions. "The process was straightforward considering the scale, and the overall outcome delivered a clear financial benefit for the client."
"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," he added.
Stephen Harrison, business development manager at Paragon Bank, said the case was complex and large-scale. "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," he said. "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," he continued.
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