Paragon Bank, the specialist lender, is now offering a limited-edition range of buy-to-let mortgages, before the end of the current stamp duty holiday. This range is available to portfolio landlords (those with four or more mortgaged BTL properties).
There are four new products available in the range, all with 75% LTV, with free valuations and £750 cashback, for both purchase and remortgage.
They are available across both SSC units and HMOs. For SSC units there is a 2-year fixed rate at 2.75% and a 5-year fixed rate at 3.10%. For HMOs, there is a 2-year fixed rate at 2.85% and a 5-year fix at 3.34%. All products are available for either personal or limited company borrowing.
Moray Hulme, director of mortgage sales at Paragon Bank, said: “With the stamp duty holiday tapering down at the end of the month, landlords will be looking for competitive rates as they seek to add new property to their portfolio.
“We are confident these limited-edition rates will be popular with our portfolio landlord customers seeking to purchase new properties or remortgaging existing deals.
“The free valuation and £750 cashback should also be appealing to landlords.”
Original article featured here…
Paragon Bank recently cut rates in its buy-to-let range, on two and five-year fixed rate mortgages. These products are designed for purchasing or remortgaging single self-contained (SSC) properties, for portfolio landlords who manage lettings business in their personal names or through limited companies.
source https://commercial-mortgages-broker.co.uk/buy-to-let-news/paragon-launches-75-ltv-limited-edition-btl-range/
No comments:
Post a Comment