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Paragon extends portfolio and non-portfolio BTL product ranges

by: Tim Chen
  • 26/10/2017
  • 0
Paragon extends portfolio and non-portfolio BTL product ranges
BTL lender Paragon has added four products in its portfolio range along with two limited edition remortgage products.

Four two-year fixed portfolio products have been added, starting at 2.99% at 75% loan-to-value (LTV).

The portfolio mortgage products have no application or valuation fee, and cater for limited companies, limited liability partnership and single self-contained (SSC) units, as well as specialist property types of houses in multiple occupation (HMO) and multi-unit blocks (MUB).

In addition, Paragon has launched two more two-year fixed buy-to-let remortgage products at 75% LTV – one for portfolio and one for non-portfolio customers.

The portfolio product is fixed at 2.85% and is available with no application or valuation fee, as well as free legals.

The non-portfolio product is fixed at 1.99% and includes free legals, with a £150 application fee.

Both products are remortgage only applications catering for SSC units mortgaged in the borrowers’ names.

Applications for the two remortgage products must have an offer issued by 11 December 2017 and complete by the end of the calendar year 2017.

John Heron, managing director at Paragon Mortgages, said: “We regularly review our buy-to-let mortgage product range to ensure we are offering the best choice and value to our landlord customers and intermediary partners.”

“The popularity of fixed rate mortgage products is higher than it has ever been,” Heron continued. “These new additions to Paragon’s portfolio and non-portfolio product ranges reflect that – and we’re proud to support landlords by offering products with no application or valuation fee.”

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