Paragon launches online application for limited companies
By Tom BelgerParagon Mortgages has updated its website to allow intermediaries to submit limited company buy-to-let (BTL) applications.
Section: mobile apps categories
Paragon Mortgages has updated its website to allow intermediaries to submit limited company buy-to-let (BTL) applications.
The BTL specialist has designed the online system to allow for submission of applications for standard self-contained properties, houses in multiple occupation and multi-unit block properties.
John Heron, Managing Director of Paragon, said moving the process for applying for limited company applications would improve the service it provides for intermediaries.
“Following the changes announced by the Chancellor last year in respect of tax relief, we know more landlords are considering incorporation,” said John.
“Research by BDRC Continental for Q4 shows 41% of landlords either currently operate this way, are already moving their portfolio into a corporate structure or are considering this option.”
“Paragon has for 20 years worked with professional landlords with large-scale portfolios held in limited companies and this new online facility will only improve our current offering and make it easier for intermediaries to apply for this type of lending for their landlord clients.”
Keywords: Paragon Mortgages, Buy to let, Intermediaries, John Heron, Properties, Bridging Loan