John Heron

Paragon revamps BTL mortgage range

Paragon has revamped its BTL mortgage range with a combination of lower rates, no upfront fees and £350 cashback on selected products.

The new range — which has products available up to 80% LTV — includes two- and five-year fixed rate mortgages for portfolio landlords as well as five-year fixed rate mortgages for non-portfolio landlords.

Interest rate reductions are from 10 to 20 basis points and highlights include a five-year fixed rate mortgage at 3.7% for landlords with single self-contained units (SSCs) as well as one at 3.75% for landlords with HMOs or MUBs.

“Interest rates on new mortgage products have rarely been as competitive across the market as they are today,” said John Heron, director of mortgages at Paragon (pictured above).

“By cutting upfront costs and giving landlords flexibility to manage other expenses using cashback, we’re demonstrating our commitment to enabling the widest possible access for customers.”

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