Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.
Paragon Bank Unveils Tailored Mortgage Service for Complex Buy-to-Let Cases
Paragon Bank has launched a new service aimed at supporting buy-to-let mortgage applications that fall outside standard lending criteria. The service, named Tailored, is designed to offer a more flexible approach to lending for landlords with diverse business models and property portfolios.
According to Paragon Bank, the Tailored proposition is suitable for a variety of scenarios. These include landlords seeking higher loan amounts, those managing larger or more complex portfolios, and cases involving non-standard ownership structures such as trusts or trading companies.
This development may be of interest to UK letting agents and inventory clerks working with landlords whose circumstances do not fit conventional mortgage requirements. The service reflects the increasingly varied nature of landlord businesses in the UK property market.
Source: Landlord Today