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Paragon abolish fees for portfolio landlords

Paragon has scrapped valuation and application fees on all buy-to-let products for portfolio landlords.

The removal of the standard application fee of £150 and the valuation fee is for a limited period only, and follows the launch of four two-year fixed portfolio products.

The new products being offered by Paragon start at 2.99% at 75% loan to value (LTV) for single, self-contained units and 3.2% for houses in multiple occupation (HMO) or multi-unit blocks (MUB).

“It’s important to us that our buy-to-let products represent the very best value and choice to our landlord customers and intermediary partners,” said John Heron, managing director for mortgages at Paragon.

“This offer, whilst only available for a limited time, does just that and we hope it will be a welcome piece of good news for landlords in an otherwise challenging market of late,” he added. 

Paragon recently extended its portfolio and regular buy-to-let product ranges.

Four new products have been added to its buy-to-let portfolio range, starting at 2.99% at 75% LTV.

Each of the new portfolio products have no application or valuation fee. The extended range caters for limited companies, limited liability partnerships and single self-contained (SSC) units, as well as specialist property types of HMO and MUB.

Paragon has also launched two limited edition remortgage products, starting at 1.99% at 75% LTV. Both these edition products are remortgage only applications catering for SSC units, mortgaged in the individuals name.

Applications for the limited edition products must have an offer issued by 11 December 2017 and complete by the end of the calendar year 2017.

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