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Paragon unveils range of BTL products

Paragon has launched a range of buy-to-let purchase and remortgage products for both portfolio and non-portfolio landlords.

Rates discounted for two and five years are available from 2.65% at 75% LTV for individuals, limited companies and limited liability partnerships.

All discounted products also feature come with free valuation and no application fee.

John Heron, director of mortgages at Paragon, said: “Whilst there is an overwhelming preference in the market for fixed rate mortgages, we are introducing these discounted variable rate products now to make sure that our landlords have a strong variable rate option at a time of heightened economic and political uncertainty.”

For self-contained units at 75% LTV, there is a 2-year discounted variable rate mortgage at 2.65%.

This represents a 2.95% reduction from Paragon’s standard variable rate, with no application fee and free valuation.

For HMOs at 75% LTV, there is a 2-year discounted variable rate mortgage at 2.80% which also comes with no application fee and a free valuation.

There are two discounted products available to non-portfolio landlords at 75% LTV.

These are a 2-year discounted variable rate mortgage at 2.65% and a 5-year discounted variable rate mortgage at 2.95%.

Both come with no application fee and free valuation.

 

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