Intermediaries are vital to the future of buy-to-let, according to lender Paragon.
The firm, which targets buy-to-let investors through intermediaries, reported a strong set of results for the half year to 31 March 2007. Total buy-to-let mortgage advances by Paragon Mortgages and Mortgage Trust were £1.93bn, up 45% on H1 2006. Meanwhile, the total buy-to-let mortgage portfolio rose 45% to £8.65bn. Paragon says buy-to-let arrears remain very low and stable while the pipeline of new business at the beginning of H2 is strong. John Heron, director of mortgages at Paragon, says: “The buy-to-let market remains consistently buoyant, with investors actively adding to their p...
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