Buy to let lender, Paragon Mortgages, has launched a new product range for ‘top end’ professional landlords with larger scale portfolios.
The new range, Paragon Premier, will be available through an exclusive distribution network and features enhanced criteria and specific features designed for limited companies.
Paragon Premier will offer a range of lifetime trackers starting at 4%, three year fixes starting at 3.55% and five year fixes at 4.50%.
The new range will include loan to values of up to 80%.
John Heron, managing director, Paragon Mortgages, said:
“These new products are designed for top-end professional landlords, specifically those that hold their portfolios in special purpose companies.
“As this is a pilot scheme for more complex buy to let cases, we are working with a limited number of specialist intermediaries with a proven track record in the market. Whilst we have been working on this development for some time, we do expect that interest in the scheme will be boosted by the proposals to limit landlord tax relief in the Summer Budget. This latest initiative is part of our ongoing strategy to ensure that we have a comprehensive proposition for residential property investors.”
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