Paragon Bank expands buy-to-let range

Paragon Bank has today announced the expansion of its buy-to-let (BTL) product range, with the introduction of two new products.

The products are designed to meet the needs of a wider range of landlords, including those with smaller deposits, those who are purchasing in certain areas and those who need to raise large amounts of capital.

The new products are:

• A two-year fixed rate mortgage at 2.99%, available to landlords with a 25% deposit.
• A five-year fixed rate mortgage at 3.49%, available to landlords with a 15% deposit.

Both products are available up to 75% loan-to-value (LTV) and come with a free valuation. Paragon Bank is also offering a £500 cashback to landlords who complete on either of these products by 31st March 2023.

John Heron, Managing Director of Paragon Bank, said:

"We are pleased to be expanding our buy-to-let product range to meet the needs of a wider range of landlords. These new products offer competitive rates and flexible features, and we are confident that they will be of interest to both new and existing landlords."

The expansion of Paragon Bank's buy-to-let product range is a sign of the growing demand for rental properties in the UK. According to the National Landlords Association, there are now over 5 million private rented homes in the UK, and this number is expected to continue to grow in the coming years.

Paragon Bank is one of the leading providers of buy-to-let mortgages in the UK. The bank has a long history of supporting landlords, and it offers a wide range of products to meet their needs.

For more information on Paragon Bank's buy-to-let product range, please visit the bank's website.