Paragon refreshes range
Ahead of the festive season, Paragon Mortgages are offering a new range of products, including a 4% lifetime tracker with a 1.5% fee at 65% LTV and a 4.25% 2-year tracker, with a 2% fee at 75% LTV. The refreshed range includes products for single, self-contained units.
With demand from landlords for longer-term fixes, the specialist lender has also launched a 4.80% 5-year fix with a 2% fee at 75% LTV. There are also six 2-year fixed rate products, starting at 3.75% with a 2% fee at 75% LTV.
There are 18 products in total, catering for landlords with larger rental portfolios, including multi-unit blocks and HMOs. A range of product fees and ERCs are also available.
John Heron, managing director of Paragon Mortgages, said: “We have given our buy-to-let product range for large-scale landlords a complete refresh for the Christmas period.
“We have witnessed a strong increase in tenant demand through 2014 and it is important that professional landlords expand the supply of rental property to help satisfy this demand. Our improved range of buy-to-let products should help them deliver this.
“We know that landlords regard flexibility above all else, as well as products that suit varying requirements, so this new range includes both trackers and fixes for 2-years and longer terms of five years, so there is something to suit landlords’ bespoke needs.”