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Saturday, January 14, 2017

Paragon expand fixed BTL range

Paragon Mortgages have launched a new range of two and five year BTL fixed-rates for both purchase and remortgages.

The five year fixed is at 3.75% with a maximum LTV of 75%LTV. 
Interest rate coverage ratios start at 125% at 4 per cent, graduated to reflect the landlord’s individual tax status.

The two-year fixed at start at 3.25%, with a max LTV of 65%, or 3.40% for a 75% LTV.

Managing Director of Paragon Mortgages, John Heron,comments: 

‘The first quarter is an extremely busy time in the buy-to-let market as landlords review their portfolios and plan for the year ahead. The tax changes being introduced in April make it more important than ever for landlords to think ahead and minimise costs where possible. These products offer landlords the opportunity to put in place longer term mortgage finance, whilst taking advantage of the beneficial impact of today’s record low market rates.’

To make an enquiry about these, or to search the whole BTL market use Property Hawk Mortgages
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  

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