Paragon Mortgages has refreshed its range of buy-to-let products in time for spring, catering for individual landlords and limited companies.
The full product range includes trackers and fixed rates for HMOs, multi-unit blocks and single, self-contained properties.
Highlights of the new range include a two year fixed rate at 3.65% with a 1.50% product fee at 75% LTV and, for those looking for the longer-term, there is a five year fixed rate at 4.49% with a £995 fee at 75%. Both products are available for single, self-contained properties for individuals and limited companies.
The refreshed range also includes a first for Paragon Mortgages, with the release of six stepped fixed rate products. Designed for landlords who want that extra level of financial planning, the five year fixed rate products can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.
John Heron, Director of Paragon Mortgages, said...
We know that landlords are looking at how they plan their finances for the future with the recent Government changes due for implementation over the coming months. With this in mind we have completely refreshed our product range and included, for the first time, stepped fixed rate products
Paragon’s new range of consumer buy-to-let products will also launch this week. Consumer buy-to-let products will be marketed exclusively under Paragon’s Mortgage Trust brand.