Paragon Mortgages lower rates on two-year fixes and trackers

Independent specialist buy-to-let lender Paragon Mortgages has updated its product range for professional landlords.

Related topics:  Mortgages
Amy Loddington
4th February 2013
Mortgages
The range includes six two year fixed rate products fixed until May 2015 with rates starting from 4.99%. There are also 12 two year trackers, with maximum LTVs between 65% and 75%, and one five year tracker.

Intermediaries can submit applications using the new Paragon Mortgages 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. Research recently completed by the lender showed that 15% of landlords are looking to increase their portfolio in 2013.

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.

“Intermediaries can apply for the new products through the recently launched Paragon Mortgages online application, which allows intermediaries to submit multiple property applications for professional landlords.”
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