Tag: Paragon Bank
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Paragon Slashes Rates on Two-Year BTL Mortgages
Paragon Bank has just announced some tempting new rates on their two-year fixed-rate buy-to-let mortgages. So, if you’re looking to buy or remortgage a property, now could be the perfect time to grab a deal. Paragon are offering rates starting from just 3.89% for single self-contained properties with good energy ratings (A to C). That’s…
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Get a 5-Year Fixed BTL Mortage with Paragon’s New Deals
Looking for a mortgage deal that’ll give you peace of mind for the next five years? Paragon Bank has just launched some limited edition deals that might be perfect for you. Paragon is offering four new fixed-rate buy-to-let mortgages for a period of five years. These deals are split into two groups – two options…
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Millennials Are Taking Over the Buy-To-Let Market
Older landlords are cashing out, and a new generation of property investors are entering the market While the property market is facing increasing challenges, with higher taxes, stricter regulations, and growing renter rights, the average landlord is getting younger. As older landlords are selling up, a new generation of investors, mainly in their 30s, are…
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Paragon Bank Cuts BTL Rates & Offers New 5-Year Fixes
Paragon Bank has just slashed rates on its main buy-to-let (BTL) mortgage deals, giving you more money in your pocket. Paragon Bank has taken 15 basis points off 10 of its most popular BTL mortgages. This means you’ll be paying less interest on your loan, saving you money every month. New 5-Year Fixed Rate Mortgages…
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HMOs are Hot Property for Landlords
According to Paragon Banking Group’s latest report and a recent landlord survey, HMOs are in high demand. While we all know about the housing shortage, tenants are snapping up rooms in these shared properties, leading to a healthy market overall. What’s driving this demand? The Numbers Tell the Story Paragon’s report shows just how popular…
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New Refurb-to-Let Loan for Landlords
Paragon Bank has just launched a brand new loan designed to help landlords give their properties a much-needed makeover. This new “refurb-to-let” product is like a helping hand for landlords who want to update their properties, without the hassle of traditional bridging finance. What’s So Great About This Loan? The key here is flexibility. Landlords…
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Landlord Loans – Mortgage Lenders Are Making It Easier to Buy to Let
Good news for landlords looking to expand their property portfolio! Several lenders are making it easier for landlords to get a mortgage, with new products and simplified processes. This comes as competition for buy-to-let landlords heats up, with lenders eager to attract this lucrative market. Melton Building Society Offers New Fixed Rate Deals Melton Building Society…
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Buy-to-Let Giant Paragon Rakes in Profits
One of Britain’s biggest buy-to-let mortgage lenders, Paragon, has just announced a massive profit jump, leaving investors beaming and landlords happy. They made a whopping £110.6 million in the first half of the year, more than double what they made last year! This comes despite the fact that fewer people are taking out new mortgages,…
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UK Rental Market Faces Soaring Demand
The UK’s private rental sector is currently experiencing a significant surge in tenant demand, with an imbalance between the number of available properties and the number of prospective tenants. This data comes from a recent survey conducted by Paragon Bank, which highlights the intensifying competition in the rental market. The survey queried nearly 800 landlords,…
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UK Landlords Reap Highest Rental Yields Since 2018
Landlords across the UK are currently experiencing the most fruitful period in six years in terms of rental returns. According to the latest research by Paragon Bank, the average gross rental yield has climbed to a robust 6.1% in the first quarter of 2024. This marks the third consecutive quarter of yield increases and is…