Paragon cuts rates on professional landlord range

Robyn Hall

February 4, 2013

The range includes six 2-year fixed rate products with rates starting at 4.99%.

John Heron, director of mortgages, said: “Professional landlords are likely to have more complex borrowing requirements, and as a lender specialising in this sector we have extensive experience of dealing with these more complicated applications.”

Paragon will also offer twelve 2-year trackers with maximum LTVs between 65% and 75% and one 5-year tracker.

Intermediaries can submit applications using Paragon’s online application service which allows for multiple applications and instant lending decisions.

Paragon Mortgages caters for professional landlords who have a wealth of experience in running a successful buy-to-let business and who are more likely to have a large portfolio of properties including complex property such as HMOs.

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