Paragon Bank has introduced a £1,000 cashback offer across 21 of its BTL products.
This applies to a range of five-year fixed rate products for single self-contained products, HMOs and MUFBs.
This cashback is paid upon completion.
Five-year fixed-rate products within Paragon’s recently launched Tailored range also benefit from the £1,000 cashback.
“We’ve seen consistently strong demand for cashback products, particularly within our two-year fixed range where £500 options have been well received by brokers and their landlord clients,” said James Harrison, mortgages product manager at Paragon Bank (pictured above).
“Extending this across a broader selection of five-year fixed products, and increasing the amount to £1,000, reflects that feedback.
“It also comes at a point where landlords are often managing a number of costs around a transaction, from legal fees through to property improvements, and the cashback can help to offset some of that outlay at completion.”
