Paragon simplifies BTL offering
news | 6 days ago | Beth Fisher

Paragon simplifies BTL offering

Paragon Bank has streamlines its BTL proposition, removing the differentiation between portfolio and non-portfolio landlords.


The lender will now tell brokers which mortgage is suitable for their landlord client at the start of the process.

The news coincides with an updated intermediary website to help brokers find the most requested information and reduce the time it takes to reach the right contact for case support.

“The simplification of our BTL product range was driven by conversations with brokers, as well as our culture of challenging how and why we do things, streamlining processes, and making it easier to do business with us,” said Louisa Sedgwick, commercial director at Paragon Bank (pictured above).

Louisa confirmed Paragon is now getting closer to launching the first phase of its digital transformation programme.

“This represents a comparative leap, because it will deliver a whole host of other efficiencies and greatly improve the way we work,” she added.

The company’s product guides have also been reduced from nine to three, with options for BTL, switch, or further advance mortgages.

 

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