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Paragon Bank expands range of limited-edition buy-to-let mortgages

Paragon Bank has expanded its range of limited-edition buy-to-let mortgages by re-launching two products for Single Self-Contained units. 

Both mortgages are available at 75% loan-to-value (LTV) with rates starting at 2.75% when borrowed over two years and 3.10% over five years.

They are available for both purchase and remortgage and come with free valuations and £750 cashback.

Paragon Bank Managing Director for Mortgages, Richard Rowntree, said: “We recently re-launched our limited-edition HMO and MUB products and these have been well received by landlords. We know that there is still strong demand, despite the end of the Stamp Duty holiday, and the popularity of this range supports that. 

“By extending our limited-edition range we are providing additional competitive rates, cashback and free valuations for landlords who are interested in diversifying their portfolios with SSCs.”

Both rates are available for portfolio landlords who have four or more mortgaged buy-to-let properties in their own name or through a limited company.

Product fees are set at 1.00% for the two-year finance and 2.00% over the five-year term. APRC is charged at 4.10% on both products.

Paragon’s buy-to-let range of mortgages can be viewed at www.paragonbank.co.uk/intermediary/mortgages.

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