TMA adds Paragon Bank to lender panel

TMA adds Paragon Bank to lender panel

TMA Club has added Paragon Bank to its lender panel, offering members access to the provider’s range of buy-to-let products catering for both portfolio and non-portfolio landlords.

The Paragon portfolio range of products is designed for landlords with large and more complex property portfolios where mortgage applications require ‘expert’ underwriting and support. This includes landlords with four or more mortgaged properties and those operating as limited companies and limited liability partnerships. More complex propositions are also included, from HMOs to multi-unit blocks.

The lender’s non-portfolio’ range aims to meet the needs of landlords with three or fewer self-contained units.

Rob McCoy, senior product and business manager at TMA, said: “TMA’s lender panel shows no sign of slowing down in 2018, with yet another fantastic addition. Paragon is a well-respected brand within the Buy-to-Let market we are delighted to be able to make them our latest addition to our panel.

“This re-affirms our commitment to continuously expanding the products available to our Directly Authorised advisers. We expect the addition to be very popular with our members and look forward to working with them.”

John Heron (pictured), managing director of mortgages at Paragon, added: “Following a range of tax and policy changes, landlords must navigate an increasingly complex mortgage landscape. As one of the UK’s most experienced, independent buy-to-let lenders,

“Paragon caters for all types of landlords with portfolios both big and small. We look forward to working closely with TMA to further expand the choice, flexibility and support available for members and their customers.”