Paragon Bank has introduced four discounted standard variable rate (SVR) buy-to-let mortgages.
The products are available for portfolio landlords – those with four or more mortgaged properties – purchasing or remortgaging houses in multiple occupation (HMO), multi-unit blocks (MUB) and single self-contained (SSC) properties.
Available at 75% loan to value (LTV), the discounted SVR products span 12 month, two-year, three-year and five-year terms. Rates start at 3.99% and all four products are offered with free mortgage valuations.
Moray Hulme (pictured), director for mortgage sales at Paragon Bank, said: “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.”