What types of property are acceptable?
We will consider applications on traditionally constructed residential property (brick/stone with a slate roof) in mainland England, Scotland or Wales. Properties must have a minimum value of £50,000. Freehold flats or maisonettes in England and Wales are not acceptable. To help us confirm a property’s suitability for further lending purposes a valuation will be undertaken by an approved surveyor and fees may apply. For more comprehensive details, please refer to our Further Advance Lending Guidelines Back to questions How do you calculate the maximum loan available? The minimum income required is £25,000. All applications will be subject to a joint assessment of the minimum income being achieved and the gross rental income from the property. This should equal or exceed 125% of the interest only payment of the loan, calculated at either the Paragon Group Reference Rate or the Product Pay Rate, whichever is applicable to the chosen product. The Paragon Group Reference Rate is reviewed r
