New consumer BTL offering launches at Paragon

New consumer BTL offering launches at Paragon

Paragon Mortgages has announced today that it will now accept applications for consumer buy-to-let through Mortgage Trust, its sister brand.

The buy-to-let specialist’s revealed that its online application system is now live and ready for intermediaries to submit consumer buy-to-let applications. All existing products in the Mortgage Trust range will be available to consumer buy-to-let customers.
 
Paragon will only accept consumer buy-to-let applications submitted by intermediaries who are fully registered with the FCA to conduct consumer buy-to-let business.
 
Applications that may be impacted include:
 
• A first-time landlord who is remortgaging a property they have inherited, as they have decided to rent it out (and who is not already a landlord)
• A first-time landlord who chooses not to sell their existing home having then decided to rent it out and finance it with a buy-to-let mortgage


John Heron, Director of Mortgages, said: “We are pleased we have been able to launch our consumer buy-to-let application process ahead of 21 March when MCD takes effect. Whilst the proportion of this type of business is not huge across the industry, it is a potentially important gateway to property investment for first-time landlords and should be supported. Intermediaries will need to be registered to submit this type of business to us and we have designed a decision tree within our system to help them identify those applications that fall into this category.”
 

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ChristinaReedUK
ChristinaReedUK 20 Jun 2016

I don't understand why it's always a war between the two sides. Either, way the landlord is probably keeping a detailed inventory and will see the changes you've made. I just don't understand why there...

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NathanGreen
NathanGreen 16 Jun 2016

Seeing that the tenants are quite satisfied with their landlords and the properties is indeed great. I wonder, though, what is the situation in London alone? The tenants face sky-high rent levels in the...

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AndiMur
AndiMur 15 Jun 2016

TheGuardian published the same forecast. But on the other hand, professional brokers express different opinions. According totranio.com, an exit from the EU would not affect the demand/supply imbalance...

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Gary Holmes
Gary Holmes 14 Jun 2016

Having a professionally completed inventory at check-in and check-out is clearly (to me at least) of minor value. Tenants make un-authorised modifications and/or walk off with items that belong to the

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Violet Gibson
Violet Gibson 14 Jun 2016

Cautious people think buying off-plan is reckless, but over the past few years investors have literally made fortunes.Pre-release prices have obvious benefits for the developer, who gets instant finance...

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Kate Windleton
Kate Windleton 14 Jun 2016

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NathanGreen
NathanGreen 14 Jun 2016

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ChristinaReedUK
ChristinaReedUK 13 Jun 2016

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keybanks estates
keybanks estates 08 Jun 2016

Great News for first time buyers, about time two!

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