The products are available for portfolio landlords – those with four or more mortgaged properties – purchasing or remortgaging houses in multiple occupation (HMO), multi-unit blocks (MUB) and single self-contained (SSC) properties.
The products include two five-year options at 70 per cent loan to value (LTV) and a two-year deal at 75 per cent LTV, all available for remortgage or purchase.
Rates start at 5.89 per cent and all products are offered with free mortgage valuations.
Paragon removes ERC
Paragon has also removed the early redemption fee on its two-year discounted variable product, currently priced at 4.09 per cent, or 3.99 per cent for properties with an EPC rating of between A and C.
Moray Hulme (pictured), director for mortgage sales said: “We are pleased to introduce these fixed rate products to our range, which complements the discounted variable products we launched last week.
“We think these are attractive products for landlords looking for certainty over the next two or five years. We have also removed the early redemption fee from our two-year discounted variable product, which gives landlords the ability to switch onto a fixed-rate if they need to.”
