Moray Hulme has been appointed as Director of Mortgage Sales at Paragon, expanding his remit to include product development for mortgages alongside continued leadership of the regional sales team.

Paragon’s new buy-to-let portal for mortgage intermediaries launches, featuring enhanced product search, new pre-application mortgage illustrations, and real-time cast tracking.

Over half of all landlords plan to use their current broker when sourcing their next buy-to-let mortgage according to research from Paragon. 

More landlords are reporting a rise in tenant demand, raising concern that rents may rise.

Paragon has refreshed its buy-to-let switch and further advance product range for portfolio and non-portfolio landlords, with a range of two- and five-year fixes available at 75% and 80% LTV.

Applications for interest only mortgages have grown to 20% of mortgage intermediary business according to Paragon’s latest adviser research for quarter two of 2019.

Mortgage intermediaries expect that consumers will buy more mortgages direct from lenders if the FCA's proposals to relax prescriptive policies around execution only sales are implemented as expected.

Paragon Banking Group reported another quarter of strong growth today. The latest update shows a total of £1.90 billion of new lending across all business lines in the nine months to 30 June 2019.

Paragon has revamped its buy-to-let mortgage range with a combination of lower interest rates, no up-front fees and £350 cashback on selected products.

Paragon has introduced a new range of second charge mortgage products with more competitive interest rates, including variable interest rates from just 3.47%.