Buy-to-let mortgage specialist Paragon has launched a selection of new mortgage products for landlords looking to add to their property portfolio.
The new products are a combination of fixed and tracker rates which sit under both the Paragon Mortgages and Mortgage Trust brands.
Paragon Mortgages is offering 18 new products which target professional landlord business consisting of 12 trackers and six re-priced fixed rates.
Under the Mortgage Trust proposition – which addresses the mortgage needs of landlords with smaller portfolios – there are two new tracker rates and four new fixed rates.
John Heron, Managing Director of Paragon Mortgages, said: “The new products offer a much wider range of product options to intermediaries who are looking for competitive products for their landlord clients.
“The new Mortgage Trust products complement the existing range and are augmented by a state-of-the-art online service. The new Paragon Mortgages products are more suited to professional landlords who tend to need a more tailored approach for more complex rental properties. We expect that the new products will be well received by the intermediary market as we know they are seeing increasing demand from buy-to-let customers.”
Source: Paragon Mortgages