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Paragon relaunches products for single self-contained units

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Paragon Bank has relaunched two limited edition buy-to-let mortgages for single self-contained units.

The products for purchase and remortgage are available up to 75% LTV and rates start at 2.75% for borrowing over two years and 3.10% over five years.

The two-year deal comes with a 1% product fee and 2% on the five-year deal. Both offer free valuations and £750 cashback.

APRC is charged at 4.10% on both products.

Both rates are available for portfolio landlords who have four or more mortgaged buy-to-let properties in their own name or through a limited company.

Paragon managing director for mortgages Richard Rowntree says: “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.”

Last week, Paragon relaunched its limited-edition HMO and MUB loans.

Original Article

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