Editor's note: This brief was summarised by The Property AI Team from a report by Mortgage Solutions. Read the original article for full details.
Paragon Bank Launches £1,000 Cashback on 21 Buy-to-Let Mortgage Deals
Paragon Bank is offering landlords £1,000 cashback on 21 buy-to-let mortgage products with a five-year fixed rate. The cashback is available on completion and applies to a range of property types and fee structures.
The offer covers products for single self-contained properties, houses in multiple occupation (HMOs), and multi-unit blocks (MUBs). Both percentage fee and nil-fee options are included, and all products come with free valuation. The cashback is available for both purchase and remortgage applications, with a variety of pricing options across different loan-to-value (LTV) bands.
Paragon Bank’s recently launched Tailored range is also included in the cashback offer. This range allows brokers to structure applications more flexibly to suit landlords’ specific circumstances, particularly in more complex cases.
For letting agents and inventory clerks, this development may be relevant for clients considering new buy-to-let investments or remortgaging existing properties. The cashback could help landlords offset transaction costs, including legal fees and property improvements, at the point of completion.
Source: Mortgage Solutions