Paragon launches 50 new buy-to-let mortgage products

Specialist buy-to-let lender Paragon has introduced 50 new mortgage products across its Paragon Mortgages and Mortgage Trust brands.

Of the total, 44 products are designed exclusively for Paragon Mortgages, while sister firm Mortgage Trust has launched six additional products.

Paragon said that pressure on the buy-to-let sector is set to mount in the coming year to cater for the expected influx in tenant demand.

The firm’s 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.”

He said: “The private rented sector undoubtedly needs to expand this year to meet the growing demand; we hope that the creation of these new products will help intermediaries increase their offering to landlords and write more quality business.”

Mr Heron also called on intermediaries not to shy away from approaching lenders if they receive a “more complex or unusual request” from a landlord.

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