Mortgages linked to better EPCs are key for buy to let lender, Paragon Bank.
Buy to let lender Paragon Bank increased lending to landlords by 33.9 % in its last financial year.
The company’s BTL pipeline stood at £1.01 billion, up from £868m recorded in 2020. The net loan book grew 7.9 %.
Paragon Bank Director of Mortgages, Richard Rowntree, says: “We enjoyed a very strong 2021 thanks to our landlord customers expanding their portfolios to meet record levels of tenant demand. Our buy to let completions were up significantly on the previous year, bringing much-needed new housing into the private rented sector”
“A key highlight for me during the year was the launch of our green proposition… We will continue to innovate in this space to help our customers invest in more energy efficient homes, as well as upgrade existing stock.”
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