4 Feb

New buy to let deals from Paragon

New buy to let deals from Paragon

People hoping to secure a buy to let mortgage for houses for sale in the UK may benefit from Paragon's new products.

The mortgage broker has added to its buy to let range of deals, including two and three year tracker mortgages with rates starting from 3.30 per cent.

In addition, three two-year fixed rate mortgages are on offer with rates from 4.25 per cent.

As part of Paragon's product development strategy, the broker is targeting small-scale buy to let investors looking to buy property for sale in 2011.

Paragon Mortgages managing director John Heron said: "The professional landlord remains Paragon's core focus; however, it has always been our intention to extend the product range following our return to the market.

"It is clear that there is strong demand from buy-to-let investors in the current market."

Recent research from the broker revealed that almost half of mortgage brokers are predicted a surge in buy to let business this year.

In addition, 71 per cent of landlords feel renting is more popular now compared with 2009, according to the Association of Residential Letting Agents (Arla). ADNFCR-1222-ID-800386805-ADNFCR

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