Paragon updates buy-to-let product range

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Paragon Mortgages has updated its buy-to-let products range.

New products in the range include a two year fixed rate at 3.65 per cent with a 1.5 per cent product fee at 75 per cent LTV.

Paragon’s buy-to-let range also includes a five year fixed rate at 4.49 per cent with a £995 fee at 75 per cent.

Both products are available for single, self-contained properties for individuals and limited companies.

The refreshed range also includes six stepped five year fixed rate products.

The fixed rate products can either increase or decrease in rate each year until the end of the term, depending on landlord preference.

The full product range includes trackers and fixed rates for HMOs, multi-unit blocks and self-contained properties.

Paragon Mortgages director of mortgages John Heron says: “We know that landlords are looking at how they plan their finances for the future with the recent Government changes due for implementation over the coming months. With this in mind we have completely refreshed our product range and included, for the first time, stepped fixed rate products.”

Paragon will also launch a range of consumer buy-to-let products this week under its Mortgage Trust brand.