Paragon announces stepped fix range

Paragon announces stepped fix range

Paragon Mortgages has announced today that it has launched a new range of stepped five year fixed rate products that can either increase in rate each year until the end of the term, or decrease dependent on the landlord’s preference.

Paragon has also anounced that it has revamped its BTL range which will now cater for individual landlords as well as limited companies.

Highlights of the new range include a two year fixed rate at 3.65% with a 1.50% product fee at 75% LTV and a five year fixed rate at 4.49% with a £995 fee at 75%. Both products are available for single, self-contained properties for individuals and limited companies.

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.


John Heron, Director of Mortgages, said: “We know that landlords are looking at how they plan their finances for the future with the recent Government changes due for implementation over the coming months. With this in mind we have completely refreshed our product range and included, for the first time, stepped fixed rate products.”

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Latest Comments

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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