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Paragon Mortgages Fixed 3.85% for 5 years

Paragon Mortgages Fixed 3.85% for 5 years
Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes No 3.85% 4.6% 75.0%

Assumed borrowing of £125,000 over 25 years, representative 4.4% APRC. Total amount payable: £205,899.03. Includes interest of £80,259.03, Valuation fee of £490, Booking fee of £150 and Administration fee of £0. Repayments: 60 monthly repayments of £649.49 at 3.85% (fixed), then 240 monthly repayments of £692.87 at 4.60% (variable).

Paragon Mortgages customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible


Maximum age 80
Minimum age 21
Location England, Wales
Restricted location note N/A
Existing customer note N/A
Eligibility notes N/A

Mortgage product details

Mortgage types Remortgage, Buy to let
Deal type Fixed
Tracker type N/A
Payment options Interest only, Repayment

Mortgage product features

Overpayments allowed Yes
Overpayment limits note N/A
Offset mortgage No
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage No

Product fees

Arrangement fee £0
Arrangement fee can be added to loan No
Booking fee £150
Telegraphic transfer fee £25
Insurance fee £25
Other fees £0

Rate information

Minimum borrowing amount £30,000
Maximum borrowing amount £500,000
Minimum term (years) 5
Maximum term (years) 25
Initial deal end date N/A
Initial deal length (months) 60
APRC 4.38%
Initial rate 3.85%
Revert-to rate 4.6%
Maximum LTV 75.0%

Other charges

Exit fees £150
Valuation admin fee £0
Valuation fee From £430 for property value above £100,000
Early repayment note 5% in years 1 & 2, 4% in year 3 & 4, 3% in year 5

Standard benefits

Valuation admin fee excluded from any refund offer No
Maximum free valuation £0
Cash back amount £0
Further notes about benefits N/A

Remortgage benefits

Cash back on legal fees No
Free legal work Yes
Valuation offer Payable

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Payable