Paragon withdraw all fixed rates due to funding costs

Aaron Strutt Image
Paragon Mortgages has withdrawn all of their fixed rate mortgages due to the cost of funds increasing. Aaron Strutt, of Trinity Financial, told the Financial Times that it is unusual for a lender to pull all of their fixed rate deals at such short notice. He said: “Many of the other lenders have just re-priced their mortgage rates and they don't intend to follow Paragons lead, although the swap rate increases are clearly affecting some lenders.” June 27, 2013
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