Paragon Mortgages has given its buy-to-let product range a spring clean, catering in particular for individual landlords and limited companies.
This includes trackers and fixed rates for houses of multiple occupancy (HMOs), multi-unit blocks and single, self-contained properties.
Paragon was particularly proud of the two-year fixed rate at 3.65 per cent with a 1.50 per cent product fee at 75 per cent loan-to-value.
For those looking longer-term, there is a five-year fixed rate at 4.49 per cent with a £995 fee at 75 per cent LTV.
Both products are available for single, self-contained properties for individuals and limited companies.
The refreshed range also includes a first for Paragon, with the release of six stepped fixed rate products.
Designed for landlords who want that extra level of financial planning, the five-year fixed rates can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.
Paragon’s new range of consumer buy-to-let products will also launch this week.
Consumer buy-to-let products will be marketed exclusively under Paragon’s Mortgage Trust brand.
Mark Harris, chief executive of SPF Private Clients, commented: “Paragon’s limited company and HMO products are competitively priced.
“The stepped fix is a bit of a novelty and landlords should see how the average rate and fee compares against a non-stepped version.”