Sister brand to Paragon Mortgages, Mortgage Trust, is offering nine new products to the market.
There are two fixed rate two year products and three two year trackers available for purchase and remortgage cases. One of the trackers - at 2.99% - has the lowest variable interest rate at a 75% LTV in the buy-to-let market.
The new range also includes four remortgage only products – two trackers and two fixed rates – which are available with a £300 contribution to legal fees. All new products come with the added
incentive of a free valuation.
Mortgage Trust caters for landlords who are looking to grow their property portfolios. The revamped online application system means intermediaries can submit applications faster, more accurately and with fewer unresolved applications.
John Heron, Director of Mortgages for Paragon, said:
“These new products are highly competitive and we are expecting demand to be high so they won’t last long!"
“Landlords are looking to grow their portfolios further in the New Year and we are expecting to see high levels of demand for these products from intermediaries, as they look to provide their landlord clients with the most competitive rates.”
