Paragon

Paragon Mortgages pull fixed-rate buy-to-let range because of volatile swap rates

A buy-to-let mortgage lender that narrowly escaped disaster during the credit crunch has emerged as a surprise contender to buy Northern Rock.

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.

Royal London 360° has added two Sarasin funds to Paragon, its regular premium product, following a recent fund review.

Interest-only mortgage deals in the mainstream residential market are in decline, research suggests.

Paragon shares slumped almost 15% this afternoon after the mortgage company rejected a proposed 125p per share takeover.

Paragon Group is to restructure its Paragon Mortgage and Mortgage Trust brands to help it weather the credit crunch.

Paragon Mortgages has denied rumours it will offload its core business portfolio.

Specialist buy-to-let lender Paragon has declared it is willing to launch an emergency underwritten rights issue on the back of continued credit crunch concerns.

Paragon has announced 62 Epsom-based Mortgage Trust business processing positions will become redundant.