Paragon has reopened its books to new business for the first time since early 2008 with the launch of a range of buy-to-let mortgage products.

The specialist lender has set its sights on the so-called ‘professional’ landlords, including those investing in HMO stock. And whilst Cambridge landlords might have weathered the recent economic storm with a greater degree of providence than others, it is widely hoped that Paragon’s return to the sector will help bolster stock supplies and reinvigorate buy-to-let investment more generally on a national scale.

Speaking on Estate Agent Today’s website, John Heron (Paragon Group’s director of mortgages) commented: "We are really excited about our return to new lending. The market is still fairly subdued and the road back to a ‘normal’ market is going to be a long one, but we are back in the race."

Chard Robinson Property Investment’s directors, Stephen Chard and Neil Robinson, said: "Paragon’s return to the marketplace offers a good illustration of the renewed confidence in the buy-to-let investment vehicle and private rental sector. With tenant demand for rental property currently outstripping stock supplies, and rents ever-increasing, now is a good time for landlord investors to be reviewing their portfolios."

Paragon’s funding comes thanks to a £200m facility from Macquarie Bank.

For more information on buy-to-let and residential property investment in Cambridge, or our range of portfolio-building and analysis services, please contact Neil Robinson at Chard Robinson Property Investment.