Switch from Paragon Mortgages

Leading Buy To Let Mortgage Broker, Landlord Mortgages is offering Paragon Mortgages customers an exclusive mortgage switch deal. Landlord’s who have a portfolio of buy to let property with Paragon Mortgages can get a refund of valuation on each and every mortgage switch.

Lee Grandin, Managing Director of Landlord Mortgages comments ‘it seems that Paragon are struggling to offer a competitive full range of mortgages for their landlords. We are finding that Paragon clients are considering our refund of valuation offer.’

Landlord Mortgages have highlighted two buy to let mortgage products:

Three Year Buy To Let Fixed Mortgage at 5.09% (overall cost of comparison APR 7.6%) - Product Withdrawn (13/05/2008)

Lifetime Buy To Let Tracker Mortgage at 5.89% (overall cost of comparison APR 6.3%) - Product Withdrawn (13/05/2008)

Award Winning Landlord Mortgages can be contacted on 0800 917 3324

Paragon’s Share Prices

Paragon has not been able to secure a new warehouse line and its shares have dropped further.

Its existing facility is in place till 28th February 2008 but pipeline business at that date will be funded until maturity.

Paragon stated that even if it were to find a new warehouse line its new business lending would be much reduced.

On 11th January the Group told of a proposed rights issue, this brought about a 30% drop in share prices that day.

Landlord Mortgages are offering Paragon clients an exclusive mortgage transfer. Paragon clients can claim a refund of valuation by calling Landlord Mortgages on 0800 917 3324.