Members gain access to Paragon's various BTL products
The Financial Intermediary & Broker Association (FIBA) has expanded its lender panel to include Paragon Bank.
As a buy-to-let lender, Paragon Bank supports landlords across the sector, from limited companies and limited liability partnerships to newcomers entering the market.
In addition to its buy-to-let products, Paragon provides short-term finance options aimed at facilitating light, standard, and heavy refurbishments. These options are designed to assist with projects ranging from energy efficiency upgrades to the conversion of properties into houses in multiple occupation (HMOs). Furthermore, Paragon Bank introduces a forward funding facility, specifically tailored for landlords aspiring to grow their property portfolios.
Paragon Bank joins a growing list of lenders in the FIBA panel, including the recently added Lloyds Bank and HSBC.
“It gives me great pleasure to welcome Paragon Bank to the FIBA lender panel,” said Martin Reynolds (pictured), chair of the Financial Intermediary & Broker Association. “I’ve worked alongside the Paragon team over a number of years, and I know well the quality of service and support they bring to the specialist buy-to-let markets.
“Often market leaders and most definitely innovators in this space, FIBA members can be assured of highly attractive products, swift service, and a range of supporting solutions offering clients greater choice across the key areas sought after by today’s professional portfolio landlords. Paragon are also strong educators in the sector, and we look forward to engaging in the future for our members’ longer-term benefit.”
Sally Wright, national account manager at Paragon Bank, added that they were excited to be joining the FIBA panel and explore the opportunities that the collaboration can bring about.
“Working with FIBA members makes sense for both parties,” she stated. “Paragon’s wealth of experience and expertise in serving specialist markets is closely aligned to the complex business that FIBA brokers are often so well-versed in.
Our proposition provides members with more solutions for their clients in the specialist buy-to-let space – whether that be purchasing large HMOs, operating through limited company structures or offering short-term finance options and forward funding for landlords upgrading existing properties or expanding portfolios.”
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