NEW Paragon 5 yr fixed rate for single units, HMOs and multi-unit blocks

Paragon Mortgages have introduced a new 5-year fixed rate mortgage to their Buy-to-Let portfolio product range.

With a fixed fee of £2495, this is perfect for larger loans which usually have to pay a % of the loan amount as an arrangement fee to the lender. For example, a typical 3% lender’s fee on a £400,000 Buy-to-Let mortgage is £12,000 so a fixed fee can be quite an advantage!

The Key features of this particular product are;

• 5.45% fixed for 5 years
• FIXED PRODUCT FEE £2,495
• Maximum loan size £4,000,000.
• Available on single self-contained units, HMOs and multi-unit blocks
• For both purchases and remortgages
• In England & Wales and Scotland
• Max 75% LTV
• Free mortgage valuation
• £299 application fee
• Interest Cover Rate calculation rate of 5.50%

Excellent overall cost value compared to the majority of the market.

For more details don’t hesitate to get in touch with me below: