Specialist buy-to-let lender Paragon Mortgages has refreshed its range of products for large-scale, professional landlords just in time for Christmas.
There are 18 products in total, catering for landlords with larger rental portfolios, including multi-unit blocks and houses in multiple occupation. A range of product fees and early repayment charges are also available.
John Heron, managing director of Paragon Mortgages, says:
“We have given our buy-to-let product range for large-scale landlords a complete refresh for the Christmas period. We have witnessed a strong increase in tenant demand through 2014 and it is important that professional landlords expand the supply of rental property to help satisfy this demand. Our improved range of buy-to-let products should help them deliver this.
“We know that landlords regard flexibility above all else, as well as products that suit varying requirements, so this new range includes both trackers and fixes for two years and longer terms of five years, so there is something to suit landlords’ bespoke needs.”
The new product range includes a 4 per cent lifetime tracker with a 1.5 per cent fee at 65 per cent LTV and a 4.25 per cent two year tracker, with a 2 per cent fee at 75 per cent LTV. The refreshed range includes products for single, self-contained units.
With demand from landlords for longer-term fixes, the specialist lender has also launched a 4.80 per cent five-year fix with a 2 per cent fee at 75 per cent LTV. There are also six two-year fixed-rate products, starting at 3.75 per cent with a 2 per cent fee at 75 per cent LTV.
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