Paragon Mortgages, one of the most influential buy to let lenders, has upgraded its website to allow intermediaries to submit applications for limited company transactions.
Paragon has designed the online system to allow for the submission of applications for standard self-contained properties, HMO and multi-unit block properties.
“Moving the process for applying for limited company applications online means we are improving the service we provide intermediaries, making it easier and more time efficient for them to submit these types of applications” says John Heron, managing director of Paragon Mortgages.
“Following the changes announced by the Chancellor last year in respect of tax relief, we know more landlords are considering incorporation” says Heron.
Research by BDRC Continental shows 41 per cent of landlords either currently operate this way, are already moving their portfolio into a corporate structure or are considering this option, according to Paragon.
“Paragon has for 20 years worked with professional landlords with large-scale portfolios held in limited companies and this new online facility will only improve our current offering and make it easier for intermediaries to apply for this type of lending for their landlord clients.”