The lender is offering a range of two-year and five-year fixed rate options, available on HMOs and multi-unit blocks.
The 70% LTV range starts at 3.05% over two years, rising to 3.44% when spread over a five-year term.
For 75% LTV loans, Paragon has set a rate of 3.35% on a two-year fixed rate.
The lender also offers two 75% LTV five-year fixed-rate products at 3.74% and 4.2% respectively, both with £350 cashback.
- Albatross Capital secures further funding and ups max loan size
- Paragon to resume physical valuations with in-house surveying team
- Paragon expands BTL products with 70% LTV range
Two-year mortgages incur a 1% fee, while the five-year deal at 3.74% rate is charged 2%.
A free valuation is included with these products.
Moray Hulme, director of mortgage sales at Paragon (pictured above), said: “We are pleased to have re-entered the student market, offering intermediaries some strong products that we feel are well suited to meet the robust demand we are currently experiencing.
“We wanted clarity on whether students would return for the 2020-2021 academic year, which they have done, even if lectures are being held remotely.”
Leave a comment