LETTING & ESTATE AGENT

Paragon refreshes BTL range

Paragon refreshes BTL range

Specialist buy-to-let lender Paragon Mortgages has refreshed its product range catering for large-scale and professional landlords.

The lender has updated its range of fixed rate products to include a new two-year fix at 4.45% with a 2% product fee, which is available for single, self-contained properties and HMOs and multi-unit blocks.
 
It will also offer a variety of tracker rates available including a lifetime tracker, with a 1.50% product fee up to 75% LTV.
 
Its range of tracker rates also includes three new two-year options with initial rates starting at 4.75%.
 
John Heron, managing director of Paragon Mortgages, said: “We have refreshed and expanded our product range to ensure we remain competitive in the professional and large-scale landlord market.
 
“The range includes not just a variety of rates but terms too, there is more choice.
 
"So if landlords do want the benefit of fixing for a longer-term we have a five year fix, and also a lifetime tracker available.
 
"Two and three-year terms have their place in the product mix, but there is certainly demand from landlords to fix for longer periods.”