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.”

Join our mailing list:

Leave a comment



Latest Comments

Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

view article
richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

view article
Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

view article
maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

view article
maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

view article
zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

view article
Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

view article
Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

view article
RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

view article
sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

view article
Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

view article
Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

view article

Related stories

More articles from Finance