PTFS members will now be given access to Paragon’s full product range of buy-to-let mortgages.
Paragon’s new product range features a loan per property of up to £2m, and aggregate lending on a portfolio of up to £5m. It can also offer professional landlords facilities that are not widely available elsewhere, such as for limited companies, multi-unit blocks, student lettings and Houses in Multiple Occupation.
Dev Malle, sales and marketing director at PTFS, says: “Paragon is a very welcome addition to our lender panel and its re-entry to the market is reflective of increased confidence in the market place. Buy-to-let finance for professional landlords has been severely restricted for the last couple of years, with stifling aggregate lending limits that favoured smaller scale landlords, and criteria that only catered for simple buy-to-let propositions.
“The return of Paragon will benefit our members as the extra product choices will provide options that have been absent for some time. Their unique positioning in the buy-to-let market enables them to deliver a valuable and pragmatic proposition for professional landlords.”
Julian Rance, mortgages sales director at Paragon, says: “We are pleased to be re-joining PTFS’s lender panel. It is in an extremely strong position as the market recovers from the credit crunch and we look forward to re-establishing our relationship with its advisers and clients.”