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Paragon launches Limited Edition buy-to-let range with cashback and free mortgage valuation for portfolio landlords

Paragon launches Limited Edition buy-to-let range with cashback and free mortgage valuation for portfolio landlords

  • New Limited Edition buy-to-let mortgage range for portfolio landlords
  • Product highlights include 3.40% 2 year fixed rate @ 75% LTV for SSC units
  • Range also includes 3.74% 5 year fixed rate @75% LTV for SSC units
  • Free mortgage valuation and up to £500 cashback upon release of funds

Paragon has launched 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 caters for landlords looking for longer term cost certainty and 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.

View the full product range for buy-to-let mortgages.

06 April 2018

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551

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