Paragon extends buy-to-let range and launches new app

Paragon has launched a new CaseTracker app and extended its range of portfolio and non-portfolio buy-to-let mortgage products for the new year.

Among the new portfolio buy-to-let products is a two-year fixed rate at 3.69% for borrowing up to 80% LTV on houses of multiple occupation (HMO) and multi-unit blocks (MUB) properties.

As well as removing the requirement for a floating charge on limited company applications, Paragon has four new portfolio switch products in its buy-to-let range, including a two-year fixed rate at 3.99% on borrowing up to 80% LTV on single self-contained (SSC) units.

Paragon’s new non-portfolio buy-to-let products, meanwhile, include a two-year fixed rate at 3.55% and a five-year fixed rate at 3.90% – both for borrowing up to 80% LTV on SSC units.

John Heron, managing director of mortgages at Paragon, commented: “Paragon has always been known for its specialist lending capability and particularly its focus on professional landlords.”

“These new competitive products for portfolio landlords underline this approach and are supported by ongoing developments in our lending policy and service delivery.”

These changes follow the launch of a new CaseTracker app and the removal of valuation and admin fees on all portfolio products. The app is available to download from the Apple iTunes Store.

Existing Paragon intermediaries are able to log in using the same user details they use to apply online and manage their buy-to-let mortgage applications quickly, straight from a mobile, tablet, desktop or other smart device.

While using the app, intermediaries can:

·         View their current list of pre-offer applications and outstanding tasks.

·         Select an account and view the tasks by open, pending and completed.

·         Respond to an outstanding task via the app by uploading any comments and documents directly to Paragon’s underwriting team.

·         Call or email the Customer Relationship Team directly from the app.

Heron added: “For us, it’s all about offering choice and making the portfolio application process as straightforward as possible.”

“This extended range of products, along with the removal of floating charges, valuation and admin fees, and the ability to manage everything online or through the CaseTracker app does just that.”