Paragon Bank has launched a tailored support proposition for BTL mortgage applications that fall outside standard lending criteria.
This is designed to suit a range of scenarios, including landlords seeking higher loan amounts, those with larger or more complex portfolios and cases involving non-standard ownership structures, such as trusts or trading companies.
It can also support landlords with varied tenant types, applications outside typical age parameters and those with limited experience in the sector.
Under the tailored service, applications are reviewed by dedicated underwriters, who consider the full context of each case, including the structure of the landlord’s business, the nature of the property assets and the applicant’s wider portfolio strategy.
Brokers can access the service through Paragon’s intermediary portal by selecting ‘Tailored’ as the application type within the BTL application journey.
Support throughout the process is provided by their business development manager or by a dedicated tailored underwriting team.
“While many cases fit well within standard criteria, there are others where a more considered approach is needed to reflect the full picture,” said Louisa Sedgwick, managing director of mortgages at Paragon Bank (pictured above).
“By assessing applications on their individual merits, rather than applying a one-size-fits-all approach, we’re able to support brokers in placing a broader range of business, helping their landlord clients to progress with their investment plans.”
