Paragon Mortgages has revamped its buy-to-let product range for individual landlords and limited companies.
The new product range includes trackers and fixed rates for HMOs, multi-unit blocks and single, self-contained properties.
Deals in the new range include a two-year fixed rate at 3.65% with a 1.50% product fee at 75% LTV and, for those looking for the longer-term, there is a five-year fixed rate at 4.49% with a £995 fee at 75%. Both products are available for single, self-contained properties for individuals and limited companies.
The refreshed range also includes a first for Paragon Mortgages, with the release of six stepped fixed rate products. Designed for landlords who want that extra level of financial planning, the five year fixed rate products can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.
Paragon’s new range of consumer buy-to-let products will also launch this week. Consumer buy-to-let products will be marketed exclusively under Paragon’s Mortgage Trust brand.
John Heron, Paragon’s director of mortgages, said: “We know that landlords are looking at how they plan their finances for the future with the recent government changes due for implementation over the coming months. With this in mind we have completely refreshed our product range and included, for the first time, stepped fixed rate products.”
