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Find all the latest press releases from Paragon Bank.
Almost four out of ten landlords would like to see a fast track housing tribunal implemented if the s21 no fault eviction process is abolished, according to Paragon’s latest PRS Trends Report.
Large scale landlords are making targeted investments to grow their property portfolio, with increased interest in more complex property types, according to Paragon’s PRS Trends Report for Q2 2019.
Paragon has reported a 16% increase in first half mortgage lending with buy-to-let business dominating new lending and a focus on professional landlords with larger portfolios.
Paragon is expanding its buy-to-let mortgage range with short term finance for landlords.
Mortgage intermediaries enjoyed a bumper quarter at the beginning of 2019, as customer remortgaging helped lift the number of mortgages introduced in the quarter close to a ten-year high.
Paragon has refreshed its buy-to-let mortgage products for spring 2019, including a selection of two and five year fixed rate buy-to-let mortgages for landlords.
Landlord action to mitigate tax costs will result in fewer buy-to-let remortgage transactions according to Paragon’s PRS Trends Report for Q1 2019.
The January 2019 self-assessment deadline was the first time landlords reported under new mortgage interest rate tax rules and 58% of landlords reported an increase in their tax bill.
Mortgage advisers confirm ‘Brexit effect’ on UK housing market with forecast growth at lowest level since 2008.
Paragon reports strong growth in Q1 2019 mortgage lending. New mortgage lending grows by 22% to £449 million, with buy-to-let advances up 24% to £425 million.
Head officeParagon51 Homer RoadSolihullWest MidlandsB91 3QJ
Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551