Complex Buy To Let
Buy to Let Club adds Paragon to panel
Buy to Let Club has teamed up with specialist lender Paragon on a set of semi-exclusive product deals.
As part of the partnership, Buy to Let Club members will have access to a five-year fixed semi-exclusive product from Paragon.
Available up to 80% loan to value (LTV) at an initial rate of 3.80%, the product is available for purchase and remortgage on both single self-contained properties and houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
It benefits from free valuations and £400 cashback. Members can access Paragon’s full product range by using Buy to Let Club as a payment route.
Founder and chief executive of Buy to Let Club, Ying Tan (pictured), said: “We are delighted that Paragon has chosen to launch with Buy to Let Club as it expands into the mortgage club sector.
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“Our knowledge and experience within specialist lending coupled with the direct access we will have to Paragon’s underwriting team make this hugely beneficial for our members.
“I am certain that we will see a great deal of interest in Paragon’s portfolio, expat and holiday let products in particular.”
Moray Hulme, head of mortgage sales at Paragon, added: “Over the last couple of years, there’s been a step up in demand for specialist mortgage products from landlords with large scale, complex property portfolios and Paragon’s product range is carefully calibrated to meet their needs.”