- 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