Major lender returns to buy to let market

It was interesting to hear that Paragon, which was one of the largest buy to let lenders during the housing boom, is returning to the market for the first time in 18 months.

Paragon has arranged a £200m facility provided by Macquarie Bank which gives Paragon the money it needs to write new loans up front.  Paragon is being more cautious than it was in the past and is aiming for investors with a minimum deposit of 25%.

I think this is very good news as buy to let is such an important part of the Scottish housing market, and Dundee in particular, and competition is always welcome.

Should you require further information on the products offered then please do not hesitate to contact me or Blackadders Mortgages.

Tags: , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

Join 1,317 other followers