Paragon has launched a new range of buy-to-let mortgages for portfolio and non-portfolio landlords for 2019.

Buy-to-let mortgage lender Paragon Bank has joined forces with eTech to streamline and simplify its mortgage application process for portfolio landlords.

Paragon’s Mortgage division reveals another year of strong growth with an 8% increase in underlying profit before tax to £157 million for the twelve months ended 30 September 2018.

Demand for mortgage lending that extends into retirement is set to boom according to most mortgage intermediaries but further product enhancements are needed with mature customers wanting more choice.

Paragon is expanding its buy-to-let mortgage range to include mortgages for customers looking to finance holiday lets in the UK and expat landlords with rental property in the UK.

Almost 60% of all buy-to-let mortgage applications in Q3 2018 were for remortgaging rather than property purchase or portfolio expansion according to new research from buy-to-let lender Paragon.

Almost one third of landlords say they would be less likely to buy new rental property if the government were to introduce compulsory or default three-year tenancies.

The average market value of landlords’ investment property reached a record high of £1.70 million during the third quarter of 2018 according to research by UK buy-to-let mortgage lender, Paragon.

Landlords are picking up property in the East and West Midlands despite a drop in purchase activity in Central London and across the rest of the country.

Mortgage intermediaries forecast a stable outlook for buy-to-let business over the next 12 months for the first time since the 2015 Summer Budget.