Paragon Bank widens limited edition BTL range

Paragon Bank has re-introduced two products for single self-contained units to its limited edition BTL range.

Both mortgages are available at 75% LTV, with 2.75% for two-year fixed terms and 3.10% for five-year fixes.

They are available for both purchase and remortgage for portfolio landlords who have four or more mortgaged BTL properties in their own name or through a limited company and come with free valuations and £750 cashback.

Product fees are set at 1% for the two-year finance and 2% over the five-year term, while APRC is charged at 4.10% on both products.

Richard Rowntree, managing director for mortgages at Paragon Bank (pictured above), said: “We recently re-launched our limited edition HMO and MUB products, and these have been well received by landlords. 

“We know that there is still strong demand, despite the end of the stamp duty holiday, and the popularity of this range supports that.  

“By extending our limited edition range, we are providing additional competitive rates, cashback, and free valuations for landlords who are interested in diversifying their portfolios with SSCs.”

Leave a comment