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Our loans

We provide second charge loans for homeowners in England, Wales and Mainland Scotland with an existing mortgage. All our loans are provided through specialist intermediaries and we work hard to make sure we have a wide range of loans to meet our customers' needs.

Our loans are available in a number of different formats, with rates ranging from 3.73% to 7.38%, with a representative APRC of 5.6%.

Why Paragon Personal Finance?

  • We offer attractive rates with a representative 5.6% APRC VARIABLE
  • We provide second charge mortgages of any amount between £15,000 and £500,000
  • We can offer a repayment term of 60 to 360 months
  • We make sure our loans are clear and easy to understand and you can always find out how your application is progressing

Who we lend to

It’s important to us that we’re upfront about our mortgages so we want to make sure you’re clear about who we lend to before you apply.

  • We’ll consider you whether you’re employed or self employed
  • We are a responsible lender and carefully assess what money you have coming in and going out each month to make sure you can afford your loan
  • You must pass an affordability test and credit score
  • The property you’re securing your mortgage against must be in England, Wales or Mainland Scotland and must be your main home
  • We will consider the value of your home before offering a mortgage secured on it

Representative example:

Product: A second charge mortgage
Total amount of loan: £48,000 (including estimated broker fees of £3,755 and product fee of £345)
Term: 240 months
Rate: 4.70%
Cost of credit: £26,131.20
Payment and frequency: 240 monthly payments of £308.88
Total amount repayable: £74,131.20
APRC: 5.6%.


Why us?

Find out what you can expect from us and what makes us the ideal choice

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Our mortgages

Competitive rates and easy to understand products

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What is a second charge mortgage?

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If you need a copy of your second charge mortgage terms and conditions or fee tariff, you’ll find them here

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it

Paragon Personal Finance is a trading style of Paragon Bank PLC and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 5390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551.