1 Oct

Paragon returns to help buy-to-let sector

Paragon returns to help buy-to-let sector

Paragon has returned to the buy-to-let property sector with the launch of a number of new mortgage products.

Earlier this week, the financial services sector announced it will offer the new deals in order to "expand choice and competition" for landlords.

Buy-to-let property owners will be able to take out fixed-rate loans from 5.3 per cent or tracker rates from 4.3 per cent.

A spokesperson for the company stated that Paragon's lending criteria could provide products for landlords that are not available from other mortgage providers.

It was added that the buy-to-let market is currently underserved and the latest offers could help fill this gap.

Speaking on Paragon's return, the National Landlords Association's chairman David Salusbury said the new product range is "excellent news" for landlords.

He added: "An increase in the availability of buy-to-let mortgages will stimulate the private-rented sector into playing a bigger role in providing a much-needed alternative to owner-occupation." ADNFCR-1222-ID-800092174-ADNFCR

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