• Four discounted SVR buy-to-let mortgages
• For portfolio landlords purchasing or remortgaging HMO, MUB or SSC
• Products offered with free mortgage valuations

Paragon Bank has launched four discounted standard variable rate (SVR) buy-to-let mortgages.  

The products are available for portfolio landlords - those with four or more mortgaged properties – purchasing or remortgaging houses in multiple occupation (HMO), multi-unit blocks (MUB) and single self-contained (SSC) properties.

Available at 75% loan-to-value (LTV), the discounted SVR products span 12 month, 2-year, 3-year and 5-year terms. Rates start at 3.99% and all four products are offered with free mortgage valuations. 

Product type and term	Initial rate	Product fee	Early redemption fee	Reversion rate	APRC	ICR rate*
12-month discounted variable	6.10% paragon SVR less 1.00%	Nil	1% for 12 months	7.10% Paragon SVR	7.30%	8.10%
2-year discounted variable	4.09% Paragon SVR less 3.01% 3.99% (EPC A-C) Paragon SVR less 3.11%	1.00%	3.00% for 2 years	5.85% Paragon SVR less 1.25%	5.80%	7.00%
3-year discounted variable	4.39% Paragon SVR less 2.71% 4.29% (EPC A-C) Paragon SVR less 2.81%	£5,000	3% for year 1 2% for year 2 1% for year 3	5.85% Paragon SVR less 1.25%	5.90%	7.00%
5-year discounted variable	4.59% Paragon SVR less 2.51% 4.49% (EPC A-C) Paragon SVR less 2.61%	£5,000	5% for year 1 4% for year 2 3% for year 3 2% for year 4 1% for year 5	5.85% Paragon SVR less 1.25%	5.80%	7.00%

*Although affordability will be calculated using this rate, please be aware that future affordability calculations may limit the maximum loan amount available.

Moray Hulme, Director for Mortgage Sales said: “Speaking to brokers, we know that for all of the economic turmoil of the past few weeks, landlords are still seeking to modify their portfolios in response to sustained strong tenant demand. To support this investment, we have launched four discounted SVR products that provide landlords with flexibility and prices that are competitive in today’s market.”

Products labeled with this icon are available for properties that have an EPC rating of A, B or C.

For media enquiries please contact:

Jordan Lott
Media Relations Manager
Tel: 0121 712 2319
www.paragonbank.co.uk 

Notes to editors:

Paragon lends to private individuals and limited companies and has mortgages suitable for single, self-contained properties, as well as HMOs and multi-unit blocks. Paragon can accommodate higher aggregate lending limits and more complex letting arrangements including local authority leases and corporate leases along with standard ASTs.

Paragon introduced its first product aimed at the professional property investor in 1995 and is a member of UK Finance, the Intermediary Mortgage Lenders Association (IMLA), National Landlords Association (NLA) and the Association of Residential Letting Agents (ARLA). 

Paragon Bank PLC a subsidiary of the Paragon Banking Group PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £13 billion of loan assets under management and manages over 450,000 customer accounts.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ.