New Paragon limited edition deals for portfolio landlords

Published on

Paragon has unveiled a new range of Limited Edition buy-to-let mortgage products for portfolio landlords who have four or more mortgaged properties, including a free mortgage valuation and up to £500 cashback.

Among the Limited Edition products is a two year fixed rate at 3.40% for landlords borrowing up to 75% loan to value (LTV) on SSC units, and a two year fixed rate at 3.60% for those borrowing up to 75% LTV on HMO and MUB properties.

The Limited Edition range also includes a five year fixed rate at 3.74% for borrowing up to 75% LTV on SSC units, and a five year fixed rate at 3.84% up to 75% LTV for borrowing on HMO and MUB properties.

All products feature a free mortgage valuation. In addition, the products include £250 cashback upon release of funds for customers who select a two year fixed rate mortgage and £500 for those who elect for a five year fixed rate.

All of the Limited Edition products are available for purchase and remortgage.

John Heron, managing director of mortgages at Paragon, said: “Our new Limited Edition buy-to-let range brings added choice and flexibility for portfolio landlords looking to refinance or expand. The addition of cashback provides an extra boost, helping landlords fund the up-front costs associated with arranging finance and enhancing value for this important segment of the market.”

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

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...