Paragon, a leading specialist lender in the UK, has recently announced the launch of two new limited-time buy-to-let mortgage products. The new products are a 2-year fixed rate mortgage and a 5-year fixed rate mortgage, both of which offer competitive rates and flexible repayment options.
The 2-year fixed rate mortgage has an initial rate of 2.99% and a maximum loan-to-value (LTV) of 75%. The 5-year fixed rate mortgage has an initial rate of 3.49% and a maximum LTV of 75%. Both products are available for purchase or remortgage and have no early repayment charges.
The new products are designed to help landlords take advantage of the current market conditions and secure a competitive rate for the long term. The products are available for a limited time only, so landlords should act quickly to take advantage of the attractive rates.
Paragon’s Head of Mortgages, John Heron, said: “We are delighted to be launching these two new limited-time buy-to-let mortgage products. We know that landlords are looking for competitive rates and flexible repayment options, and these products provide both. We are confident that these products will be attractive to landlords looking to secure a competitive rate for the long term.”
The new products are part of Paragon’s commitment to providing landlords with innovative and competitive mortgage solutions. Paragon is one of the leading specialist lenders in the UK and has been providing mortgages to landlords since 1985.
For more information about the new limited-time buy-to-let mortgage products, landlords should contact their local Paragon branch or visit the Paragon website. Landlords should act quickly to take advantage of the attractive rates before they expire.