A question I am sometimes asked is, “Peter, do I need to own my own home to qualify for a limited company buy to let mortgage?”.
And the answer is “no, you don’t need to be a home owner”.
After all, there are many people who could afford to buy a cheaper buy to let property, but who live in an expensive area where it’s not feasible to buy their own home.
So could they buy a buy to let? Subject to the lenders criteria and due diligence, yes.
Of course, a follow up question might be “would it be easier to qualify for a limited company buy to let mortgage if I own my own home?” and the answer to that is almost certainly “yes” as well.
In this video, I look at this subject in detail.
A Buy-to-Let Product Worth Looking At Right Now
Here is one straightforward product that says quite a lot about the market without us needing to disappear into a mortgage seminar.
Paragon has launched a limited-edition five-year fixed buy-to-let range at 75% loan-to-value, all with a 5% product fee. For single self-contained properties with an EPC rating of A to C, rates start at 4.95%. That rises by 5 basis points for D or E rated properties.
For HMOs and multi-unit blocks, rates start at 5.20%. Paragon also has matching limited-edition 60% LTV five-year fixes with the same 5% fee, starting at 4.80% for A-C rated single lets and 5.05% for HMOs and multi-unit blocks.
So who is it for?
In simple terms, it is for landlords who want the certainty of a five-year fix, are comfortable with a high-fee / lower-rate structure, and are either buying or refinancing fairly standard buy-to-let property. It is also available whether you are borrowing in your own name or through a limited company, which is useful because that still matters to a lot of investors. Paragon also says the interest coverage ratio is calculated in line with the initial rate, which may help some cases stack a bit more comfortably than they would elsewhere.
The big thing to understand is the fee.
A 5% fee is not small. This is not a product for someone glancing at the headline rate and deciding it looks nice. It is a product for someone who is going to sit down properly with the numbers and work out whether the lower pay rate outweighs the chunky upfront cost. Paragon itself has said it is seeing landlords move towards higher-fee products to secure a lower pay rate, which tells you exactly what sort of borrower this is aimed at.
There is also a clear little message in the pricing.
Paragon is still giving slightly better pricing to more energy-efficient single lets, and the cheapest rates are at 60% LTV, not 75%. In other words, the best pricing still goes to the safer, cleaner cases. That is hardly shocking, but it is worth noticing.
My view?
This looks like a decent product for the organised investor with a reasonable loan size, a clear hold strategy, and the discipline to compare the fee against the monthly saving. For the wrong borrower, it will look expensive. For the right borrower, it may be exactly the sort of deal that helps the numbers work.
Which, in 2026, is probably about as exciting as buy-to-let mortgages get.
As ever, this is not advice. Don’t drawdown loans or mortgages without taking advice from a good mortgage broker. If you don’t have a mortgage broker, or you’d like a second opinion, I’ll be happy to introduce you to mine. Just email me
and I’ll make the introduction
Here’s to Successful Property Investing.
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://www.ThePropertyTeacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://www.ThePropertyTeacher.co.uk/the-successful-property-investors-strategy-workshop
