The Paragon Group has completed its latest securitisation.
Paragon Mortgages No.21 (PM21) is the fourth deal completed by the Group since September 2013 and the 59th securitisation deal completed by the Group.
The securitisation will support Paragon’s on-going new lending programme.
John Heron (pictured), managing director of mortgages at Paragon Group, said: “We are delighted to complete another successful transaction and with the continued strength of our overall securitisation programme. This is our third deal in 2014, and fourth since September 2013, which clearly demonstrates our confidence in the wholesale funding markets and the general appetite from investors for securities backed by high quality buy-to-let assets.
“However, what the completion of this deal also shows is that the buy-to-let market is continuing to gain pace. The latest data available from the CML points to continued improvement in buy-to-let lending and suggests that total advances in 2014 will be in the region of £26 billion to £27 billion, a marked improvement on last year’s lending volumes and a further indication of the level of demand in both the buy-to-let market and wider Private Rented Sector.”
