These mortgages are designed for portfolio landlords, either individuals, limited companies or limited liability partnerships.
Available at 70% and 75% LTV, these new products come with a free valuation and £750 cashback. There is no longer a £100,000 minimum loan rule and the products can be used for both purchase and remortgage.
Rates start at 2.95% for properties that have an EPC of C or above, and at 3.05% for properties with an EPC rating of D or lower.
Paragon director for mortgage sales Moray Hulme says: “Our recently refreshed product range has proven popular, suggesting that landlords have been actively modifying their portfolios, whether that be boosting private rented sector stock through purchasing additional properties or taking advantage of the current low-rate environment to get a good remortgage deal.”
Original article featured here…
Paragon recently unveiled new pricing for its switch and further advance products, available for both portfolio and non-portfolio landlords.