Paragon launches new range to appeal to professional landlords

A winter range of 22 fixed rate and tracker buy to let products designed for professional landlords, has been launched by Paragon Mortgages.

The refreshed product range includes two, three and five year fixed-rate mortgages, with up to 75% LTV available to professional landlords, including those who hold their properties in vehicle companies.

Among the new products are a two year fixed-rate product at 3.70%, as well as a two year fixed-rate product at 4.10%, both with a 1.50% product fee.

Five year fixed-rates are also available at 4.30% and 4.75%, again with a 1.50% product fee.

The buy to let lender is also offering three year and lifetime trackers. 

Paragon is a semi-exclusive lender, meaning it can only be accessed via a select panel of brokers, including Mortgages for Business.

John Heron, Director of Mortgages at Paragon said:

“The market is being given some very clear signals by government that policy going forward will favour professional landlords with larger portfolios that hold their properties within a corporate structure.

Our winter range is building on Paragon’s strong proposition in this sector and offers an attractive range of fixed and tracker rates which will provide intermediaries with some strong options for professional landlord clients."

 

Visit Paragon Mortgages lender page for more information.

16th December 2015