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Paragon Mortgages – Two-Year Fixed Buy to Let

Paragon Mortgages – Two-Year Fixed Buy to Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until October 31, 2013

Fixed rate: 5.35%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Rental income should be at least 130% of the mortgage repayments calculated on an interest-only basis at 7%

Conditions: Available for properties in England and Wales, unlimited properties allowed within a total maximum of £5m

Flexible features: Unlimited overpayments, interest calculated daily

Arrangement fee: 2% of the original loan, 2.25% for applications of one or a combination of a limited company, house in multiples occupation or multi-unit block

Redemption fee: 5% of the original loan if repaid in full in the first two years

Introducer’s fee: Refer to lender

Tel: 0845 849 4040

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