Paragon Bank has launched four discounted standard variable rate (SVR) buy-to-let mortgages.
The new products are mainly aimed at portfolio landlords (those with four or more mortgaged properties), particularly those who are looking to purchase or remortgage houses in multiple occupation (HMO), multi-unit blocks (MUB) and single self-contained (SSC) properties.
The products will be available at 75% loan-to-value (LTV), the discounted SVR products span 12 month, 2-year, 3-year and 5-year terms.
As well as this, rates will start at 3.99% and all four products are offered with free mortgage valuations.
Moray Hulme (pictured), director for mortgage sales at Paragon, 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.”
