Paragon Bank recently announced the launch of their 5-year Buy-to-Let mortgage loans, offering a competitive rate and flexible repayment options. This new product is designed to help landlords purchase or refinance rental properties with a long-term loan that can be tailored to their individual needs.
The 5-year Buy-to-Let mortgage loans from Paragon Bank offer a fixed rate of interest for the duration of the loan. This means that landlords can be sure of the amount they will be paying each month for the duration of the loan, allowing them to budget accordingly. The loan also offers flexible repayment options, allowing landlords to choose between interest-only or capital and interest payments. This flexibility allows landlords to tailor the loan to their individual needs and budget.
In addition to the competitive rate and flexible repayment options, Paragon Bank also offers a range of other benefits to landlords. These include a free valuation on the property, no early repayment charges, and a choice of payment methods. The bank also offers a range of other services such as advice on tax and legal matters, as well as access to specialist lenders who may be able to offer more competitive rates.
The launch of Paragon Bank’s 5-year Buy-to-Let mortgage loans is great news for landlords looking to purchase or refinance rental properties. With a competitive rate and flexible repayment options, this product offers landlords the chance to secure a long-term loan that can be tailored to their individual needs. In addition, the range of additional benefits offered by Paragon Bank make this product even more attractive.