Landlords raising capital contributed to an increase in the level of buy-to-let remortgage business in the second quarter of the year, research carried out by Paragon Bank has revealed. 

Four out of 10 brokers expect to write more buy-to-let business in the next 12 months, Paragon Bank’s Financial Adviser Confidence Tracker (FACT) Index has revealed.

Paragon Bank Managing Director of Mortgages Richard Rowntree comments on the implications for the buy-to-let market of changes to Stamp Duty Land Tax.

Paragon has recorded a spike in buy-to-let mortgage intermediaries visiting its online Intermediary Portal.

Paragon Bank is continuing its support of residential development projects across London, providing an £11.8m funding package to EquaGroup.

Paragon has launched Phase II of its Intermediary Portal, adding new features to enable brokers to manage customers’ applications more effectively.

Landlords across the Midlands are most likely to add to their property portfolios over the next 12 months, according to research undertaken for Paragon.

Mortgage brokers are predicting an uptick in buy-to-let mortgage business over the next 12 months on the back of landlords expanding their portfolios and strong remortgage levels.  

Paragon has kicked-off 2020 with a refreshed range of mortgage products for portfolio and non-portfolio landlords.

The increase in portfolio and complex buy-to-let business seen over the past two years is set to continue in 2020, according to Paragon’s Director of Sales, Moray Hulme.