Paragon combines product ranges in line with new site

Paragon has made its buy-to-let mortgage products more accessible for intermediaries following the merging of the Mortgage Trust and Paragon Mortgages ranges on its new website.

The Paragon ‘portfolio’ includes Paragon Mortgages, consisting of a range of products for landlords with complex property portfolios in need of expert support and underwriting.  

Those operating as limited companies and limited liability partnerships and landlords with four or more mortgaged properties will be included, as well as multi-unit blocks and HMOs.

The Paragon ‘non-portfolio’, however, includes Mortgage Trust products, tailored to landlords with three or fewer self-contained units.

John Heron, managing director of mortgages at Paragon, said: “Our new branding presents a unified picture of our buy-to-let expertise for portfolio and non-portfolio landlords and backs up the new PRA standards being applied across the market.”

With easier access to a full product ranges and products through one website, this new approach underpins Paragon’s commitment to align with the PRA changes which came into effect at the end of September which enforce portfolio landlords to produce a more detailed assessment when applying for lending.

Heron added: “The wider brand alignment across buy-to-let and residential mortgages as well as the broader Paragon product range combines all our specialist finance expertise under one banner, giving all our customers and intermediary partners a clearer picture of who we are and what we offer.”