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Paragon Mortgages launches new product range

Paragon Mortgages has launched a new range of buy-to-let fixed rate and tracker products.

The buy-to-let lender has launched three new two-year tracker products, a three-year tracker at 3.6 per cent and three three-year trackers. The tracker products start at 3.3 per cent and fixed rate products start at 4.25 per cent.

Loan-to-values range from 60 per cent to 75 per cent and all products have a 2 per cent fee, up to a maximum of £2,000.

The products are the first to be introduced by Paragon since its return to new lending in September.

Managing director John Heron says: “These products complement our existing range and will appeal to a wide spectrum of landlords, but with a particular emphasis on smaller scale landlords looking to expand their portfolios.” 

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