Paragon launches online product switches for BTL mortgage customers

In a bid to make it easier to switch products, Paragon has launched a new online portal for buy-to-let mortgage customers and intermediaries.

For the first time, Paragon has made it possible for landlords and intermediaries to access additional lending through its new further advance facility.

In addition, Paragon customers and intermediary partners will be able to choose a new product at the end of their fixed-term agreement and switch online.

John Heron, managing director of mortgages at Paragon, said: “Our aim is to ensure dealing with Paragon is always as simple and easy as possible.”

“These developments are a crucial step towards futureproofing our service to customers and intermediary partners – and are just a couple of examples of the many investments we’re making in our buy-to-let mortgage process.”

These new services follow the launch of improved application management functionality for intermediaries across multiple platforms, the removal of valuation and admin fees on all portfolio products, and the removal of the floating charge requirement on all applications from limited companies incorporated solely for the activity of holding and letting residential properties.

The improved application management service for intermediaries is available via the CaseTracker app and online, where existing Paragon intermediaries can log in and manage their buy-to-let mortgage applications quickly and simply – straight from a mobile, laptop, tablet or desktop device.