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Paragon offers new buy-to-let mortgage rates

Paragon Mortgages is offering three new fixed-rate, buy-to-let mortgages.


The ten and three year mortgages have the same 7.75 per cent and the five year mortgage rate is 7.6 per cent.


Announcing the new rates, Paragon managing director John Heron says: &#34Such a long term fix so far below the standard variable rate reflects the increasing confidence in the money markets that rates have peaked and soon may be on their way down.&#34


Heron says that fixed rates are particularly useful for Buy-to-Let mortgages.


He adds: &#34It locks in the return for investor landlords. Outlay is fixed while rents are certain to rise over the period.&#34

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