New fixed rates from Paragon

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Paragon has added four two-year fixed Portfolio products to its buy-to-let range.

Rates start at 2.99% for 75% loan to value (LTV).

Each of the new Portfolio products have no application or valuation fee. The extended range caters for limited companies, limited liability partnerships and single self-contained (SSC) units, as well as specialist property types of houses in multiple occupation (HMO) and multi-unit blocks (MUB).

Paragon has also launched two new limited edition two-year fixed buy-to-let mortgage products, one each for Portfolio and Non-portfolio customers at 75% LTV. Both these edition products are remortgage only applications catering for SSC units, mortgaged in the individual(s) name.

The limited edition Portfolio product is fixed at 2.85% and is also available with no application or valuation fee, and free legals. The Non-portfolio product is fixed at 1.99% and includes free legals, with a £150 application fee charged.

Applications for the limited edition products must have an offer issued by 11 December 2017 and complete by the end of the calendar year 2017.

John Heron, managing director – mortgages at Paragon, said: “We regularly review our buy-to-let mortgage product range to ensure we are offering the best choice and value to our landlord customers and intermediary partners.

“The popularity of fixed term mortgage products is higher than it has ever been. These new additions to Paragon’s Portfolio and Non-portfolio product ranges reflect that – and we’re proud to support landlords by offering products with no application or valuation fee.”

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