Paragon has extended its portfolio mortgage products to buy-to-let landlords in Scotland.
The challenger bank will add to its Scottish range with products designed for landlords with four or more mortgaged properties as well as those operating in limited companies and limited liability partnerships.
The products are suitable for single self-contained units, HMOs and multi-unit blocks.
A new regional sales manager for Scotland will soon be announced by Paragon.
John Heron, director of mortgages at Paragon (pictured above), said: “The introduction of the new PRA underwriting rules for portfolio landlords has impacted the buy-to-let market across the UK and we’re delighted to extend our portfolio range into the Scottish market.
“Demand for portfolio lending is on the increase in Scotland and with fewer lenders choosing to offer suitable products for this segment, we have a unique opportunity to bring improved choice and competition for those looking to invest.”
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