Paragon announce newly enhanced BTL range

Paragon has announced that it is lowering interest rates, scrapping up-front fees and offering £350 cashback on selected products as part of its newly revamped buy-to-let range.

Related topics:  Mortgages
Warren Lewis
18th July 2019
John Heron Paragon

The lender announced that the new range will feature two and five year fixed rate mortgages for portfolio landlords and five year fixed rate mortgages for non-portfolio landlords, with products available at up to 80% LTV. Interest rate reductions range from 10 to 20 basis points.

Portfolio highlights include a five year fixed rate mortgage at 3.70% for landlords with single self-contained units (SSCs) and one at 3.75% for landlords with houses in multiple occupation (HMOs) or multi-unit blocks (MUBs).

In both instances, landlords benefit from no product fee, no application fee, a free mortgage valuation and £350 cashback, minimising up-front costs and providing a cash injection to help with other expenses.

John Heron, Director of Mortgages at Paragon said: “Interest rates on new mortgage products have rarely been as competitive across the market as they are today. By cutting up-front costs and giving landlords flexibility to manage other expenses using cashback, we’re demonstrating our commitment to enabling the widest possible access for customers.”

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