Paragon returns to buy-to-let market

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Buy-to-let specialist Paragon Mortgages has returned to new lending, with the aim of getting back to its ‘market-leading position' in the sector.

Paragon will start lending immediately through a panel of brokers with close knowledge of the buy-to-let market, and plans to widen its distribution over the next few weeks. It will also accept direct business. The lender will initially target professional landlords, a category which it identifies as being under-served by current buy-to-let providers. Paragon's product range includes fixed rates priced from 5.30%, available up to a maximum of 65% LTV, and trackers from 4.30%, also available up to 65% LTV. The maximum LTV currently on offer is 75%. Deals will be available for limite...

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