Paragon cuts rates and adds 80 per cent LTV deals

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  • 18/07/2019
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Paragon cuts rates and adds 80 per cent LTV deals
Paragon is refreshing its buy-to-let mortgage range by cutting interest rate cuts and introducing an 80 per cent loan to value (LTV) buy-to-let product range.

 

The lender is cutting interest rates on various products by between 10 and 20 basis points.

The new range contains two- and five-year fixed rate mortgages for portfolio landlords and five-year fixed rate mortgages for non-portfolio landlords.

It includes no up-front fees and £350 cashback on selected deals, with portfolio products available to individuals, limited companies and limited liability partnerships.

Portfolio offerings include a five-year fixed rate mortgage at 3.70 per cent for landlords with single self-contained units (SSCs) and one at 3.75 per cent for landlords with houses in multiple occupation (HMOs) or multi-unit blocks (MUBs).

Paragon director of mortgages John Heron (pictured) said: “Interest rates on new mortgage products have rarely been as competitive across the market as they are today.

“By cutting up-front costs and giving landlords flexibility to manage other expenses using cashback, we’re demonstrating our commitment to enabling the widest possible access for customers.”

 

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