Paragon Mortgages is refreshing its buy-to-let range catering for individual landlords and limited companies.
The full product range includes trackers and fixed rates for HMOs, multi-unit blocks and single, self-contained properties.
The new range includes a two-year fixed rate at 3.65% with a 1.50% product fee at 75% LTV and a five-year fixed rate at 4.49% with a £995 fee at 75%.
Both products are available for single, self-contained properties for individuals and limited companies.
Paragon has also released six stepped fixed rate products. The five-year fixed rate products can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.
John Heron, director of mortgages, said: “We know that landlords are looking at how they plan their finances for the future with the recent Government changes due for implementation over the coming months. With this in mind we have completely refreshed our product range and included, for the first time, stepped fixed rate products.”
Paragon’s new range of consumer buy-to-let products will launch this week. Consumer buy-to-let products will be marketed under Paragon’s Mortgage Trust brand.
