New Mortgages for Smaller Portfolio Landlords - The Online Letting Agents Ltd

Paragon has launched a range of buy-to-let mortgage products in an attempt to target more smaller portfolio landlords.

The lender has launched a total of 18 products which target professional landlords, re-pricing six of its fixed rate deals and launching 12 variable mortgages.

It’s sister brand, Mortgage Trust, will also offer two new trackers and four fixed rate deals aimed at smaller-scale landlords. Paragon said the new products would help brokers meet increasing consumer demand.

John Heron, managing director of Paragon Mortgages, said: “The new products offer a much wider range of product options to intermediaries who are looking for competitive products for their landlord clients. The new Mortgage Trust products complement the existing range and are augmented by a state-of-the-art online service. The new Paragon Mortgages products are more suited to professional landlords who tend to need a more tailored approach for more complex rental properties. We expect that the new products will be well received by the intermediary market as we know they are seeing increasing demand from buy-to-let customers.”