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Thursday, January 09, 2014

Paragon launch lifetime tracker BTLs

Paragon Mortgages, have updated its offering, including a new range of lifetime tracker products.

The lifetime trackers are available for both single self-contained properties and multi-unit blocks and HMOs, with rates ranging from 4.50%. All the products have a 1.5% product fee and a max LTV of 75%.

John Heron, Director of  Paragon Mortgages, said:

“The new lifetime tracker products are very competitive and offer something new for landlords who are looking to extend their portfolios.

“These are good value products for the whole term. The market has been somewhat 'stuck in a rut' with two year fixes and trackers, which may have their place, but high reversion rates may mean that in many cases a good two year rate may not work out well in the longer term.”



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