Paragon Bank has today launched four discounted SVR buy-to-let mortgages.
The products are available for portfolio landlords purchasing or remortgaging HMOs (houses of multiple occupation), MUBs (multi-unit blocks) or SSC (single self-contained) properties.
The products come in 12-month and two-, three- and five year terms at 75% LTV. Rates start at 3.99% for a two-year discounted variable with an EPC (energy performance certificate) of A to C with a product fee of 1% and an early redemption fee of 3% for two years.
Paragon director of mortgage sales Moray Hulme says: “Speaking to brokers, we know that for all of the economic turmoil of the past few weeks, landlords are still seeking to modify their portfolios in response to sustained strong tenant demand.
“To support this investment, we have launched four discounted SVR products that provide landlords with flexibility and prices that are competitive in today’s market.”
