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Paragon expands portfolio and non-portfolio BTL ranges


Paragon has announced that it has extended its buy-to-let product range with the addition of four two-year, fixed portfolio products, starting at 2.99% with 75% LTV.

All the new portfolio products have no application or valuation fees.

Limited companies, limited liability partnerships and single self-contained (SSC) units, as well as specialist property types of houses in multiple occupation (HMO) and multi-unit blocks (MUB) are included in the extended range.

Paragon has also launched two new limited-edition, two-year, fixed buy-to-let mortgages products, one for portfolio customers and one for non-portfolio customers at 75% LTV.

Both products are remortgage-only applications for SSC units, mortgaged in the individual(s) name(s).

The limited-edition product for portfolio customers has a fixed rate of 2.85%, and is also available with no application or valuation fees, and free legals.

The non-portfolio product is fixed at 1.99% and available with free legals, with a £150 application fee.

Limited-edition product applications must have an offer issued by 11th December 2017 and be completed by the end of the calendar year 2017.

“We regularly review our buy-to-let mortgage product range to ensure we are offering the best choice and value to our landlord customers and intermediary partners,” said John Heron, managing director of mortgages at Paragon (pictured above).

“The popularity of fixed term mortgage products is higher than it has ever been.

“These new additions to Paragon’s portfolio and non-portfolio product ranges reflect that – and we’re proud to support landlords by offering products with no application or valuation fee.”

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