Sister-brand Mortgage Trust is also offering six new mortgages aimed at smaller-scale landlords, with a criteria change allowing more flexibility on minimum income.
The moves refocuses Paragon’s mortgage range back toward professional landlords, which it said is a “big step forward.”
Paragon completed a £150m securitisation in November and reported £127m of buy-to-let lending in its last full year results.
John Heron, managing director of Paragon Mortgages, said: “We are confident we will see growth in the buy-to-let market in 2012 and fully expect to take advantage of that.”
“The new mix of products has been created to enable intermediaries to offer their landlord clients a flexible and open approach when looking for a buy-to-let mortgage.
“I would encourage intermediaries not to shy away from approaching us if they receive a more complex or unusual request from a professional landlord as we have extensive knowledge of how they operate, the type of funding they require and specific expertise in dealing with complex buy-to-let property purchases.”
