Paragon Bank launches 70 per cent LTV deals and hires regional sales manager

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  • 14/05/2020
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Paragon Bank launches 70 per cent LTV deals and hires regional sales manager
Paragon Bank has launched a range of 70 per cent loan to value buy to let deals fixed for two and five years.

 

It’s range of products have been boosted by eight deals that are available for both portfolio and non portfolio landlords across single self-contained properties (SSC) and Houses in Multiple Occupation.

Borrowers choosing a two-year fixed deal can access rates starting from 2.95 per cent for SSC properties and all products are offered with no valuation fee.

The products are available to landlords who are purchasing and remortgaging properties.

Moray Hulme (pictured), Paragon Director of mortgage sales, said: “These new products offer landlords more choice at a time when product availability more broadly has been constrained and will suit landlords with greater levels of equity to invest.

“Demand remains robust for both new purchase and remortgage activity, despite the current difficult conditions.”

Earlier this month, Paragon launched a discounted standard variable product for landlords.

Paragon has also appointed Samuel Debenham as regional sales manager

Debenham will be responsible for managing the east of England territory, a role made vacant following the promotion of Jason Wilde to national sales manager.

Prior to joining Paragon, Debenham was employed as a sales manager at Commercial Trust and specialised in complex buy-to-let mortgages, such as HMOs and limited company mortgages.

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