Paragon Bank has recently announced the launch of two new buy-to-let mortgage products. The 2- and 5-year fixed rate products are designed to help landlords and investors purchase residential properties for rental purposes.
The 2-year fixed rate product offers a competitive rate of 2.99% with a £1,995 fee and a maximum loan-to-value (LTV) of 75%. The 5-year fixed rate product offers a rate of 3.19% with a £1,995 fee and a maximum LTV of 75%. Both products are available for purchase and remortgage, and come with free standard valuation and free legal services for remortgages.
The new products are part of Paragon Bank’s commitment to providing landlords and investors with competitive and flexible products. The bank has also recently launched a range of other buy-to-let products, including a 5-year fixed rate product with a rate of 3.09% and a maximum LTV of 75%.
Paragon Bank’s Head of Mortgages, Richard Rowntree, said: “We are delighted to be able to offer these two new products to landlords and investors looking to purchase residential properties for rental purposes. We believe that these products will provide our customers with the flexibility they need to make the most of their investment.”
The new products come as part of Paragon Bank’s ongoing commitment to providing landlords and investors with competitive and flexible products. The bank is also offering a range of other buy-to-let mortgages, including a 5-year fixed rate product with a rate of 3.09% and a maximum LTV of 75%.
Paragon Bank is one of the leading providers of buy-to-let mortgages in the UK, and its new 2- and 5-year fixed rate products are sure to be popular with landlords and investors looking to purchase residential properties for rental purposes. The bank’s commitment to providing competitive and flexible products is sure to be welcomed by customers.