Paragon has seen a significant increase in mortgage lending supported by its buy-to-let offering.
Best known for its specialist focus on buy-to-let lending, Paragon, which continues to develop its products and support for complex, professional buy-to-let landlords, saw mortgage lending in the first nine months to 30 June 2018 rise by 7% to £1.13bn.
Paragon’s mortgage pipeline, which measures new business at application stage that has not yet completed, was up £71m during the latest quarter to close at £859m.
It recently launched its portfolio mortgage range to landlords operating in the Scottish market and is also continuing to build its capability in specialist residential mortgages.
John Heron, managing director of mortgages at Paragon, said: “Paragon’s core buy-to-let business continues to see strong demand from professional landlords.
“Our specialist expertise means that we’re well-positioned to support landlords as they navigate through the fiscal and regulatory changes impacting the sector, with tailored products to cover a wide range of different portfolio types and corporate structures.”
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