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TODAY'S OTHER NEWS

Paragon refreshes buy-to-let range

Paragon Mortgages has refreshed its range of buy-to-let products catering for individual landlords and limited companies.

Its full product range includes trackers and fixed rates for HMOs, multi-unit blocks and single, self-contained properties.

The range includes a two-year fixed rate at 3.65% with a 1.50% product fee at 75% LTV.

Paragon also offers a five-year fixed rate at 4.49% with a £995 fee at 75%.

Both products are available for single, self-contained properties for individuals and limited companies.

Paragon has also release six stepped fixed-rate products, the first time it is has offered this kind of deal.

The five-year fixed rate products can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.

John Heron, director of mortgages, said: “We know that landlords are looking at how they plan their finances for the future with the recent Government changes due for implementation over the coming months.

“With this in mind we have completely refreshed our product range and included, for the first time, stepped fixed-rate products.”

Paragon also launches its new range of consumer buy-to-let products this week, marketed exclusively under Paragon’s Mortgage Trust brand.

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