Paragon releases new buy to let terms for professional landlords

Paragon releases new buy to let terms for professional landlords

12:12 PM, 4th February 2013, About 11 years ago 2

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NEWS from Paragon Mortgages for Professional LandlordsNEWS from Paragon Mortgages for Professional Landlords

Paragon Mortgages has updated its product range for professional landlords. The range includes six two year fixed rate products fixed until May 2015 with rates starting from 4.99%. There are also 12 two year trackers, with maximum LTVs between 65% and 75%, and one five year tracker. Intermediaries can submit applications using the new Paragon Mortgages online application service, which allows for multiple applications and instant lending decisions.

Paragon Mortgages caters for professional landlords who have a wealth of experience in running a successful buy-to-let business and who are more likely to have a large portfolio of properties including complex property such as HMOs. Research recently completed by the lender showed that 15% of landlords are looking to increase their portfolio in 2013.

Thought you might find this of interest for your professional landlord / HMO forum members.

Howard Reuben Cert PFS Cert CII (MP)

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7:45 AM, 10th February 2013, About 11 years ago

does anyone know a lender who will lend on a buy to let flat at a value of £35k.

I keep getting the brush of minimum amount being £40k
am a long term experienced landlord (20) years with 9 properties.
Ray Doyle

Howard Reuben Cert CII (MP) CeRER

8:48 AM, 10th February 2013, About 11 years ago

Hi Ray

You're going to struggle on this - how about releasing some equity from your existing BTL's to fund the purchase?

Or, as some of my Clients have done with similar purchases, have you got a 0% credit card, which you could use to buy it? That could help you to a) secure the purchase right now and b) gives you time to search for best remo option.

For a review to determine all current options, fill in the enquiry form above and a specialist BTL adviser will help.


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