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Paragon Mortgages – Buy To Let 2 Year Discounted Tracker

Paragon Mortgages

Buy To Let 2 Year Discounted Tracker

Type: Discounted buy-to-let tracker mortgage

Discounted term: Two years

Discount: 0.7%

Tracker term: Lifetime of loan

Tracker rate: 1.25% above Libor

Payable rate: 5.487%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 300,000, up to 80% of valuation subject to a maximum of 500,000, up to 75% of valuation subject to a maximum of 2m

Income multiples: Loans up to 85% of valuation up to three times principal income plus second or 2.5 times joint, up to 70% of valuation up to 3.5 times principal income plus second or 2.75 times joint. Rental income must be at least 130% of mortgage repayments
Conditions: Up to 50% of rental income may be added to main income multiplier

Arrangement fee: 495

Redemption fee: Six months interest in first three years

Introducers fee: Refer to lender

Tel: 0800 440099

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