Paragon has launched a new online portal for buy-to-let mortgage customers and intermediaries, making it easier for borrowers to access a new further advance facility, including additional lending.
The new tool will also allow Paragon customers and intermediary partners to choose a new product at the end of their fixed term agreement and switch online.
John Heron, managing director at mortgages at Paragon, commented: “Our aim is to ensure dealing with Paragon is always as simple and easy as possible.
“These developments are a crucial step towards futureproofing our service to customers and intermediary partners – and are just a couple of examples of the many investments we’re making in our buy-to-let mortgage process.”
These new services are the latest in a recent succession of key developments from Paragon, following the launch of improved application management functionality for intermediaries across multiple platforms, the removal of valuation and admin fees on all Portfolio products, and the removal of the requirement of a floating charge on all applications from limited companies incorporated solely for the activity of holding and letting residential properties.