SEMI-EXCLUSIVE DEAL
Paragon Group Buy to Let
No Lender application fee – no valuation fee
Paragon Mortgages and Mortgage Trust have introduced an incentive scheme for NEW applications from 21st May until 29th June 2012 only.
The offer is available on an Exclusive basis through a small number of intermediaries nationally.
During this incentive period newly introduced case will not attract the lenders application fee of £150 or the appropriate valuation fee. This means a saving of £490.00 on an application for a loan on a property valued at over £150,000.
For the Professional Landlord:
- Tracker Rates From 4.70%
- Fixed Rates From 5.30%
- Interest Rate Cover reduced to a minimum of 125% of interest only payment of 5% (or pay rate if higher) on standard properties, 125% of 7% for HMO & Multi-Unit Block.
- Lending to limited companies, on HMO Properties, and variety of tenant types.
For the Smaller-Scale Landlord:
- Tracker rates from 4.50%
- Fixed rates from 5.24%
- Applications from individuals or partnerships only and on single self contained properties.
- Flexible approach to income requirements.
- Interest Rate Cover reduced to a minimum of 125% of interest only payment of 5% (or pay rate if higher).
Lending can be considered to buy or remortgage properties less than 6 months old – including from associated development companies when done at arm’s length. This can provide developers who wish to keep properties to let with an alternative exit route, especially where it can be shown that they have property letting experience.
For further details please contact Chris Meekin, Rich Firth, or Wendy Hewitt on 01482 638300 or email: rich@icf-group.co.uk or chris@icf-group.co.uk.