Landlord mortgage lender has changed borrowing criteria and released 50 new loan products – although most are just variations on fixed rates and terms.
The main changes to interest buy to let landlords are revised rent and income criteria that bring more purchase and remortgage deals in to the scope of loans Paragon underwriters can consider.
Most of the revamped products and application criteria relate to Paragon mortgages – but six are for subsidiary The Mortgage Trust.
Managing director John Heron said: “The new mix of products has been created to enable intermediaries to offer their landlord clients a flexible and open approach when looking for a buy-to-let mortgage.
“I would encourage intermediaries not to shy away from approaching us if they receive a more complex or unusual request from a professional landlord as we have extensive knowledge of how they operate, the type of funding they require and specific expertise in dealing with complex buy-to-let property purchases. Continue reading 50 new buy to let products from the Paragon Group →