Paragon Mortgages, best known for its significant position in the buy to let market, has launched a range of residential mortgage products aimed at buyers with what it calls “complex incomes” in specialist segments of the owner-occupied market.

Groups such as the self-employed and those borrowing as they approach retirement, are often considered too complicated by mainstream lenders and, claims Paragon, face limited product choice and innovation as a result. 

Provided by Paragon Group’s banking subsidiary, Paragon Bank, the first products to launch include two and five year fixed rate mortgages available at 75 per cent and 85 per cent loan-to-value. Interest rates begin at 3.29 per cent for two year products and 3.49 per cent for five year products. 

“Customers with complex incomes looking for a residential mortgage deserve access to a wider choice of mortgage products and to specialist underwriting that recognises their unique circumstances” says John Heron, managing director of Paragon Mortgages.

“From our experience in the buy to let market, we know that customers with multiple sources of income are often amongst the most credit-worthy and we see a unique opportunity to leverage this experience and bring new choice and competition to the owner-occupied market” he adds.