Paragon Launches Bespoke Service that makes Commercial Mortgage Application Easier

11 December 2012 Categories: News

Paragon Launches Bespoke Service that makes Commercial Mortgage Application Easier

Paragon Mortgages, one of the biggest buy to let mortgage lenders in the country, have launched an online service which will make the application process for commercial mortgages quicker and easier. The new service is aimed at landlords and intermediaries who are looking to secure funding for multiple properties or HMO‘s and is thought to be the first of its kind. Traditionally, applications for commercial mortgages are more complex than their residential counterparts, and it isn’t uncommon to have to wait for a lending decision. The new service from Paragon provides the applicant with an instant decision though.

John Heron, managing director of Paragon Mortgages, called the new service “genuinely innovative” and said about it, “Online applications have been around for years for straight forward Buy-to-let applications but the complexity of professional landlord cases has meant that an online solution for these customers has been a long time coming.”

“This is a big step forward in an area that has not seen much benefit from the technology that is now available. We are committed to developing this and other solutions for our business partners so that the whole process is faster and more certain.”