Paragon has updated its buy-to-let mortgage products for spring 2019. The refreshed range includes a choice of two and five year fixed rate mortgages for portfolio landlords and a selection of five year products for smaller-scale landlords, with different options for mortgages up to 75% and 80% loan to value (LTV).
Paragon’s portfolio range is designed for landlords with four or more mortgaged properties, as well as those operating in limited companies or limited liability partnerships and can be used to finance single self-contained units (SSCs), multi-unit blocks (MUBs) or houses is multiple occupation (HMOs).
For SSC units at 75% LTV, highlights from the portfolio range include a two year fixed rate mortgage at 3.35% with no product fee, a free mortgage valuation and £400 cashback and a five year fixed rate mortgage at 3.69% with a £999 product fee and a free mortgage valuation for loans up to £500,000.
For MUBs and HMOs at 75% LTV, the refreshed portfolio range includes a two year fixed rate mortgage at 2.95% with a 1.00% product fee, a free mortgage valuation and £400 cashback and a five year fixed rate mortgage at 3.75% with a £999 product fee and a free mortgage valuation for loans up to £500,000.