Paragon has launched a range of buy-to-let purchase and remortgage products for both portfolio and non-portfolio landlords.
Rates discounted for two and five years are available from 2.65% at 75% LTV for individuals, limited companies and limited liability partnerships.
All discounted products also feature come with free valuation and no application fee.
John Heron (pictured), director of mortgages at Paragon, said: “Whilst there is an overwhelming preference in the market for fixed rate mortgages, we are introducing these discounted variable rate products now to make sure that our landlords have a strong variable rate option at a time of heightened economic and political uncertainty.”
For self-contained units at 75% LTV, there is a 2-year discounted variable rate mortgage at 2.65%.
This represents a 2.95% reduction from Paragon’s standard variable rate, with no application fee and free valuation.
For HMOs at 75% LTV, there is a 2-year discounted variable rate mortgage at 2.80% which also comes with no application fee and a free valuation.
There are two discounted products available to non-portfolio landlords at 75% LTV.
These are a 2-year discounted variable rate mortgage at 2.65% and a 5-year discounted variable rate mortgage at 2.95%.
Both come with no application fee and free valuation.