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Paragon tweaks criteria for limited company landlords

John Heron

Paragon Mortgages is changing its lending criteria for limited company landlords following government tax relief tweaks.

The buy-to-let mortgage provider is removing its exclusivity borrowing restriction for limited company landlords.

The changes will let Paragon’s limited company landlords deal with other lenders.

Paragon director of mortgages John Heron says: “We know from our latest research there are an increasing number of landlords looking into whether to incorporate, some 41 per cent were at least considering whether to do this in Q4 last year.

“Therefore, we have updated our criteria to allow limited company landlords to have borrowings elsewhere too. This demonstrates our continued commitment to working with our landlord customers to understand their bespoke requirements and also adapt as the market changes.”

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  • Arron Bardoe 4th April 2016 at 12:22 pm

    This is great news. As one of the few lending to Ltd Co, this clause was a major deterrent from recommending Paragon over their competitiors.