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TODAY'S OTHER NEWS

Paragon launches discounted SVR product

Paragon has introduced a new one-year buy-to-let discounted SVR product to support new and existing landlord customers through the coronavirus uncertainty.

The discounted SVR product, available for portfolio landlords (Single Self-Contained properties and Houses in Multiple Occupation) and non-portfolio customers (Single Self-Contained Properties only), is being offered for new business, product transfers and further advances and comes with a 1% discount off Paragon’s SVR for 12 months. 

For product transfer and further advance customers, the product, available from 3.95%, is offered up to 80% and 75% loan-to-value respectively, has no application, valuation or transfer fee and has no early redemption charge.

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New applications also come with no product or valuation fee and have an early redemption charge of 1%.

Moray Hulme, Paragon director of mortgage sales, said: “This product is designed for landlords who want some certainty whilst they wait to see how the next few months materialise and may not want to lock into a longer-term fixed-rate in the current period.”

 

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