New fixed rates from Paragon

Published on

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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Hope Capital secures £35 million HTB funding line

Hope Capital Property Finance has secured a £35 million wholesale funding line from Hampshire...

Nottingham Building Society backs Instamo broker padel event

Nottingham Building Society has been confirmed as headline sponsor of Instamo's FastAdmin Broker Padel...

Warhol collection helps secure £310k loan for home improvements

A high-net-worth client has secured a £310,000 short-term loan against a collection of Andy...

Brokers urged to strengthen sanctions checks

Mortgage and financial services firms are being urged to review their sanctions controls after...

OneDome named among Europe’s fastest-growing fintech firms

OneDome has been named one of the fastest-growing fintech companies in Europe, the Middle...

Latest publication

Other news

Hope Capital secures £35 million HTB funding line

Hope Capital Property Finance has secured a £35 million wholesale funding line from Hampshire...

Nottingham Building Society backs Instamo broker padel event

Nottingham Building Society has been confirmed as headline sponsor of Instamo's FastAdmin Broker Padel...

Warhol collection helps secure £310k loan for home improvements

A high-net-worth client has secured a £310,000 short-term loan against a collection of Andy...