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Paragon refreshes buy-to-let range

Paragon has updated its buy-to-let mortgage range to include deals with no product fee, no application fee, free mortgage valuation, and up to £400 cashback.

There are options for portfolio and non-portfolio landlords, limited companies, and limited liability partnerships.

The refreshed range includes a choice of two and five-year fixed rate mortgages for portfolio landlords and a selection of five-year products for smaller-scale landlords, with different options for mortgages up to 75 per cent and 80 per cent loan-to-value.

Paragon’s portfolio range is designed for landlords with four or more mortgaged properties, as well as those operating in limited companies or limited liability partnerships, and can be used to finance single self-contained units, multi-unit blocks or houses in multiple occupation.

For single self-contained units at 75 per cent LTV, highlights from the portfolio range include a two-year fixed rate mortgage at 3.35 per cent with no product fee, a free valuation and £400 cashback, and a five-year fixed rate mortgage at 3.69 per cent with a £999 product fee and a free valuation for loans up to £500,000.

For multi-unit blocks and HMOs at 75 per cent LTV, the new portfolio range includes a two-year fixed rate at 2.95 per cent with a 1 per cent product fee, a free valuation and £400 cashback, and a five-year fixed rate mortgage at 3.75 per cent with a £999 product fee and a free valuation for loans up to £500,000.

In the non-portfolio range, new options include a five-year fixed rate mortgage at 3.75 per cent with no product fee, no application fee, a free valuation, and £250 cashback on loans up to 75 per cent LTV.

Paragon director of mortgages John Heron (pictured) says: “The refreshed range gives landlords a wide choice of options to suit their needs depending on the size and complexity of their property portfolio, as well as an opportunity to reduce their up-front costs with a range of cashback and limited up-front fees.”

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