Paragon revamps ‘professional’ offering

Published on

paragon

Paragon Mortgages has refreshed its product range catering for large-scale and professional landlords.

The specialist buy-to-let lender has updated its range of fixed rate products to include a new two year fix at 4.45% with a 2% product fee and is available for single, self-contained properties and HMOs and multi-unit blocks.

There are also a variety of tracker rates available including a lifetime tracker, with a 1.50% product fee up to 75% LTV. The range of tracker rate products also includes three new two year options with initial rates starting at 4.75%.

John Heron, managing director of Paragon Mortgages, said: “We have refreshed and expanded our product range to ensure that we remain competitive in the professional and large-scale landlord market.

“The range includes not just a variety of rates but terms too, there is more choice. So if landlords do want the benefit of fixing for a longer-term we have a five year fix, and also a lifetime tracker available.

“Two and three year terms have their place in the product mix, but there is certainly demand from landlords to fix for longer periods.”

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

Government commits to licensing property agents but detail remains unclear

The government has committed to mandatory licensing and qualifications for property agents as part...

Meet the hosts of Mortgage’s Got Talent

As the mortgage industry prepares to swap case discussions, criteria and rates for microphones,...

SortRefer expands faster conveyancing service after pilot cuts completion times

SortRefer has rolled out its Enhanced conveyancing service to all registered brokers after a...

Octane revives specialist buy-to-let range with loans up to £15m

Octane Capital has returned to the specialist buy-to-let market with a range offering loans...

Student loan repayments squeeze first-time buyer deposit savings

More than 1.5 million young adults believe student loan repayments are making it harder...

Latest publication

Other news

Government commits to licensing property agents but detail remains unclear

The government has committed to mandatory licensing and qualifications for property agents as part...

Meet the hosts of Mortgage’s Got Talent

As the mortgage industry prepares to swap case discussions, criteria and rates for microphones,...

SortRefer expands faster conveyancing service after pilot cuts completion times

SortRefer has rolled out its Enhanced conveyancing service to all registered brokers after a...