The Financial Intermediary & Broker Association (FIBA) has announced that Paragon Bank is the latest addition to its lender panel.
The news following the recent appointments of Lloyds Bank and HSBC.
Paragon Bank supports landlords across the sector, from limited companies and limited liability partnerships through to new entrants to the market. Alongside its buy-to-let products, Paragon offers a range of short-term finance products for light, standard, and heavy refurbishment, covering anything from energy efficiency improvements to converting a property to an HMO. It also offers a forward funding facility, designed for landlords looking to expand their property portfolios.
Martin Reynolds (pictured), chair of FIBA, said: “It gives me great pleasure to welcome Paragon Bank to the FIBA Lender Panel. I’ve worked alongside the Paragon team over a number of years, and I know well the quality of service and support they bring to the specialist buy to let markets.
“Often market leaders and most definitely innovators in this space, FIBA members can be assured of highly attractive products, swift service, and a range of supporting solutions offering clients greater choice across the key areas sought after by today’s professional portfolio landlords. Paragon are also strong educators in the sector, and we look forward to engaging in the future for our members’ longer-term benefit.”
Sally Wright, national account manager of Paragon Bank, added: “We’re thrilled to be joining the FIBA panel and excited to explore the opportunities that collaborating more closely can bring about.
“Working with FIBA members makes sense for both parties; Paragon’s wealth of experience and expertise in serving specialist markets is closely aligned to the complex business that FIBA brokers are often so well-versed in.
“Our proposition provides members with more solutions for their clients in the specialist buy-to-let space – whether that be purchasing large HMOs, operating through limited company structures or offering short-term finance options and forward funding for landlords upgrading existing properties or expanding portfolios.”