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Tuesday, July 08, 2014

Paragon Mortgages launches new products

Paragon Mortgages has launched a new 2-year fixed BTL mortgage. The rate of 4.45 per cent comes with a 2 per cent product fee, for single, self-contained properties, ‘houses in multiple occupation’ and multi-unit blocks.

As part of their new range of product Paragon have introduced a lifetime tracker with a maximum LTV  of 75 per cent, alongside some new 2-year trackers.

Talking about the new products, John Heron, managing director of Paragon Mortgages, said: “We have refreshed and expanded our product range to ensure that we remain competitive in the professional and large-scale landlord market."

“The range includes not just a variety of rates but terms too, there is more choice. So if landlords do want the benefit of fixing for a longer-term we have a five year fix, and also a lifetime tracker available."

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