Property Hawk the landlord's homepage since 2006
Free Tenancy Agreement FREE tenancy agreement
Free Landlord Software FREE landlord software
Home | Property Manager | Free ASTs | Landlord Forms | Mortgages | Insurance | Inventory | Magazine | Landlords Bible | Directory | Forum | Training | News / Blog |

Monday, January 30, 2017

Paragon's BTL lending halved

Paragon Bank, the specialist BTL lender report that lending halved in Q4 of 2016. 

Paragon agreed mortgages on properties worth £185.2m during Q4  2016, whereas in the same period of 2015 they agreed lending of £401m.

A spokesperson for the lender reflects on the impact of new harsh guidelines issued by the Bank’s Prudential Regulation Authority, saying

'It’s too early to determine the full extent of the PRA changes on the market, and the further changes due later in the year” says a statement from the lender.'
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  

The Financial Services Authority does not regulate some forms of mortgage.

No comments: