Paragon returns to buy-to-let lending

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Paragon Group has launched a range of buy-to-let mortgage products targeted at professional landlord investors via its Paragon Mortgages brand. It is the first time it has offered new buy-to-let mortgages since February 2008 when it withdrew from the market.

The range includes fixed rates starting from 5.30% and tracker rates starting from 4.30%. Paragon can offer professional landlords facilities such as limited companies, multi-unit blocks and Houses in Multiple Occupation.

Two-year fixed rates are available at 5.3% up to 65% LTV and 5.5% up to 75% LTV. Both come with a 2% fee.

Trackers are available up to 75% LTV.

The range will be available immediately through a select panel of buy-to-let brokers and will widen distribution over the coming weeks. It says it is “fully committed”” to mortgage intermediary distribution

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