Paragon Mortgages highlights return of confidence

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Paragon Mortgages highlights return of confidence

Mortgage brokers are seeing more products being made available for the public, which is a sign that confidence is returning to the market, a spokesperson from Paragon Mortgages has asserted.

Managing director of the firm John Heron explained that there have been large increases in the number of borrowing tools that have entered the industry since the beginning of 2010, but there is still a long way to go until the market gets back to "normality".

He stated: "Mortgage brokers have endured a tough time since the start of the credit crunch, but confidence has returned in recent months, particularly since the latter half of 2009."

Mr Heron described how product levels are still just a fifth of what they were in the summer of 2007, a period that he labels the "peak" of the mortgage broker industry.

Last month, Paragon Mortgages recommended landlords check to ensure that they are receiving all the tax breaks they are entitled to by looking at the organisation's online Buy-to-let Tax Guide.

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