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The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

Paragon refreshes its BTL switch and further advance product range

Paragon has refreshed its buy-to-let switch and further advance product range for portfolio and non-portfolio landlords, with a range of two- and five-year fixes available at 75% and 80% LTV for individuals, limited companies and limited liability partnerships.

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 refreshed portfolio switch product range include a two-year fixed rate mortgage at 3.55% with a 0.50% product fee and a five-year fixed rate mortgage at 3.80% with a nil product fee.

For MUBs and HMOs at 75% LTV, the refreshed portfolio range includes a two-year fixed rate mortgage at 3.65% with a 0.50% product fee and a five-year fixed rate mortgage at 3.90% with a nil product fee.

In the new portfolio further advance product range, highlights include a 75% LTV two-year fixed rate mortgage at 3.35% with a 0.25% product fee for SSCs, and an 80% five-year fixed rate mortgage at 3.85% with a 0.50% product fee for MUBs and HMOs. Each of the portfolio/further advance products come with no application fee.

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