John Heron

Paragon refreshes BTL range for Spring

Paragon has refreshed its BTL mortgage products for spring 2019 for portfolio and non-portfolio landlords.

The new range — with different options for mortgages up to 75% and 80% LTV — includes a choice of two- and five-year fixed rate mortgages for portfolio landlords as well as a selection of five-year products for smaller-scale landlords.

The updated product range is designed for landlords with four or more mortgaged properties and those operating in limited companies or limited liability partnerships.

The products can be used to finance single self-contained units, multi-unit blocks or houses in multiple occupation.

John Heron, director of mortgages at Paragon (pictured above), said: “The refreshed range gives landlords a wide choice of options to suit their needs depending on the size and complexity of their property portfolio, as well as an opportunity to reduce their upfront costs with a range of cashback and limited upfront fees.”

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