Paragon has merged its Mortgage Trust and Paragon Mortgages buy-to-let product range under a single Paragon brand.
This means the end of the Mortgage Trust brand, as its products are now presented in a Paragon ‘non-portfolio’ range for landlords with three or fewer self-contained units.
Paragon Mortgages products have been migrated to a Paragon ‘portfolio’ range of products for landlords with large and more complex property portfolios. 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.
Mortgage intermediaries can visit Paragon’s new website at www.paragonbank.co.uk/intermediary/mortgages/buy-to-let. The new website also includes the full range of savings and lending products from Paragon. Telephone contact numbers are unchanged and intermediaries can reach their regular sales and support contacts using existing email addresses or by switching to a new format, firstname.lastname@paragonbank.co.uk.
John Heron (pictured), managing director of Mortgages at Paragon, said: “Our new branding presents a unified picture of our buy-to-let expertise for portfolio and non-portfolio landlords and backs up the new PRA standards being applied across the market.
“The wider brand alignment across buy-to-let and residential mortgages as well as the broader Paragon product range combines all our specialist finance expertise under one banner, giving all our customers and intermediary partners a clearer picture of who we are and all that we offer.”