Mortgage intermediaries are proactive in encouraging customers to review their options to secure a better deal when their mortgage term comes to an end. 

Mortgage lending at Paragon grew 7% to £1,130 million in the nine months to 30 June 2018 according to the specialist lenders latest Q3 trading update.

Paragon is expanding its buy-to-let mortgage offering in Scotland to include mortgage products for portfolio landlords.

Landlords are most likely to have invested in a boiler upgrade in the last twelve months to boost energy efficiency of their rental properties. Upgrades to windows were also popular.

Mortgage club members at PMS now have a wider range of second charge mortgage plans to choose from, following the appointment of Paragon to its lender panel.

More buy-to-let landlords are remortgaging to secure a lower interest rate, according to Paragon’s latest FACT Index.

Paragon grew total mortgage lending by 23% to £721 million in the six months to 31 March 2018. This strong growth was underpinned by a 21% increase in its well-established buy-to-let lending.

Mortgage intermediaries report that remortgages for owner-occupiers made up the largest part of their business in Q1 2018, representing 41% of total applications.

Landlord confidence remained stable or increased in the first quarter of 2018, according to a survey carried out on behalf of Paragon by BDRC.

Buy-to-let landlords with four or more mortgaged properties now have fewer lenders to choose from following more detailed underwriting rules introduced by the PRA at the end of September 2017.