Paragon broadens BTL offering to include HMOs and MUBs
Paragon Bank has broadened its buy-to-let larger loan offering to include houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
The 75% LTV product, which is available on loans between £350,000 and £1m, has an interest rate of 3.60%, an APRC of 4.30% and includes a free mortgage valuation.
It also includes a £3,500 product fee and £299 application fee.
Moray Hulme, director of mortgage sales at Paragon, said: “Following the success of the larger loan mortgage we launched in December last year, we’re extending our 75% LTV larger loan range with a new product that is available for HMOs and multi-unit blocks.
“We’re always looking for ways to provide brokers with competitive mortgages that meet the needs of landlords and we feel that this latest product caters particularly well to those who are developing their portfolios by adding higher value properties.”