Paragon has announced the launch of a new online buy-to-let portal for both customers and intermediaries which will enable an entirely online product switching process.
In addition, and also for the first time, Paragon has launched a further advance facility, enabling access to additional lending for landlords direct or via an intermediary.
The new services follow the launch of improved application management functionality for intermediaries across multiple platforms, the removal of valuation and admin fees on all portfolio products, and the removal of the requirement of a floating charge on all applications from limited companies incorporated solely for the activity of holding and letting residential properties.
John Heron, Managing Director – Mortgages at Paragon, said: “Our aim is to ensure dealing with Paragon is always as simple and easy as possible. These developments are a crucial step towards futureproofing our service to customers and intermediary partners – and are just a couple of examples of the many investments we’re making in our buy-to-let mortgage process.”