Paragon Group has launched a range of buy-to-let mortgage products targeted at professional landlord investors via its Paragon Mortgages brand. It is the first time it has offered new buy-to-let mortgages since February 2008 when it withdrew from the market.
The range includes fixed rates starting from 5.30% and tracker rates starting from 4.30%. Paragon can offer professional landlords facilities such as limited companies, multi-unit blocks and Houses in Multiple Occupation.
Two-year fixed rates are available at 5.3% up to 65% LTV and 5.5% up to 75% LTV. Both come with a 2% fee.
Trackers are available up to 75% LTV.
The range will be available immediately through a select panel of buy-to-let brokers and will widen distribution over the coming weeks. It says it is “fully committed”” to mortgage intermediary distribution