You are here: Home - News -

Paragon rebrands and predicts £35bn BTL lending market this year

  • 09/10/2017
  • 0
Paragon rebrands and predicts £35bn BTL lending market this year
As Paragon drops the Mortgage Trust brand to umbrella its mortgage lending under Paragon Mortgages, John Heron, managing director – mortgages at Paragon said he expects to see £35bn of buy-to-let mortgage lending overall this year.

Heron said the drop from £41bn last year showed a step change in landlord activity and he expected the market to be softer going forward.

“Landlords are buying fewer properties and the market has turned to a one third purchase and two-thirds remortgage,” he said, adding that the slack in the market has been closed by professional investors.

Heron said although next steps are still unclear, he said the government has not been persuaded yet that the conduct and business around buy to let is adequate. He suspects there could be a thematic assessment of the market early next year followed by a conduct and business regulation consultation.



The complex and specialist buy-to-let and residential mortgage lender has also relaunched its website.

Paragon gained its UK banking licence in 2014 and has more than £12bn of assets under management and after launching savings, asset finance, motor finance, residential development finance and structured finance product lines.

Paragon’s residential mortgage products will also adopt the new Paragon brand.

“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,” the lender said.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Nick Chadbourne ceo LMS
Remortgaging soars in August as borrowers prepare for rate rises

The number of remortgagors increased by 11% in August, compared to July and by 16% compared to last August –...