{"id":6028523,"date":"2020-01-08T13:15:22","date_gmt":"2020-01-08T13:15:22","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6028523"},"modified":"2020-01-08T13:15:22","modified_gmt":"2020-01-08T13:15:22","slug":"revamped-buy-to-let-range-for-professional-landlords","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-hk\/2020\/01\/08\/revamped-buy-to-let-range-for-professional-landlords\/","title":{"rendered":"Revamped buy-to-let range for professional landlords"},"content":{"rendered":"

Specialist lender Paragon has overhauled its mortgage product range, reducing rates on 14 mortgages available up to 80% loan-to-value (LTV), in response to increasing portfolio and complex business needs. <\/strong><\/p>\n

According to Paragon, there has been a significant increase in portfolio and complex buy-to-let business over the past two years. Complex completions increased by 10% to be 89% of Paragon\u2019s new business in 2019, and they expect this trend to continue in 2020, as landlords seek more efficient ways to structure their business<\/a>.<\/p>\n

Moray Hulme, director of mortgage sales at Paragon, said: \u201cIn recent years, landlords have had to be more strategic in their approach than ever before and the buy-to-let market<\/a> has seen a significant increase in portfolio and complex business.”<\/p><\/blockquote>\n

“This new product range caters for the professional landlord with competitive pricing, low or zero product fees, free valuations and cashback offers\u201d.<\/p>\n

Lower rates, zero product fees, free valuations and cashback<\/h4>\n

Paragon\u2019s refreshed product range for the buy-to-let market is a new year boost for landlords. Portfolio landlords can access a rate of 2.85% for financing houses in multiple occupation<\/a> (HMOs) and multi-unit blocks (MUBs), and discounted variable rates starting at 2.65% for SSCs, and 2.80% for HMOs and MUBs. Those seeking to remortgage or purchase single self-contained units (SSCs) can secure fixed rates starting at 2.75%.<\/p>\n

Non-portfolio landlords can access fixed rates starting at 3.45%, and a discounted variable rate of 2.65% on SSCs and all landlords can choose from a range of two and five-year term products with a low (0.25%) or zero product fees, free mortgage valuations<\/a> and cashback offers.<\/p>\n

Recent research by the lender found that its 2020 customers are more likely to be larger-scale portfolio landlords, as larger-scale landlords are three times more likely to consider buying than smaller-scale landlords within an overall much-reduced buy-to-let market. However, the lender asserts that the private rented sector<\/a> continues to provide a home for one in five households and remains a successful business opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Specialist lender Paragon has overhauled its mortgage product range, reducing rates on 14 mortgages available up to 80% loan-to-value (LTV), in response to increasing portfolio and complex business needs. According to Paragon, there has been a significant increase in portfolio and complex buy-to-let business over the past two years. Complex completions increased by 10% to… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":14749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,26],"tags":[412],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6028523"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/comments?post=6028523"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6028523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media\/14749"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media?parent=6028523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/categories?post=6028523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/tags?post=6028523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}