The updates include a two-year fixed rate at 3.65% with a 1.50% product fee and a five-year fixed rate at 4.49% with a £995 fee, both at 75% loan-to-value. The deals are available for single, self-contained properties for individuals and limited companies.
Paragon has also added six stepped fixed-rate products to its range. The five year fixed-rate products can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.
John Heron (pictured), director of mortgages, said: “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’s range of consumer buy-to-let products will also launch this week. Consumer buy-to-let products will be marketed exclusively under Paragon’s Mortgage Trust brand.
