Paragon Mortgages has launched a number of fixed and tracker rate products in its buy-to-let mortgage range.
Paragon has launched three two-year tracker products, with rates starting from 3.30%, and a three-year tracker mortgage at 3.60%.
The lender has introduced three two-year fixed rate mortgage products with rates starting from 4.25%.
The deals are primarily aimed at smaller scale landlord investors looking to expand their portfolios, Paragon says.
Loan-to-values across the new products range from 60% to 75% and all products have a 2% fee, up to a maximum of £2,000. The products are available for single, self-contained properties and applicants are required to have a minimum income of £40,000 per annum. Applications must be received by 31 March 2011 and the mortgages have to be completed by 31 May 2011.
John Heron , Paragon Mortgages’ managing director, said: “The professional landlord remains Paragon’s core focus however
