Paragon pulls fixed-rate buy-to-let range

Paragon Mortgages pull fixed-rate buy-to-let range because of volatile swap rates


Paragon Mortgages has withdrawn its fixed-rate buy-to-let range until swap rates become less volatile.

The specialist lender, which reviews products on a monthly basis, decided to pull the deals after swap rates rose sharply. Once the market becomes calmer, it plans to introduce a new fixed-rate range. Paragon director of mortgages John Heron (pictured) said: “We review products on a monthly basis and in light of that much higher swap rates it has been sensible to withdraw that current fixed-rate range and see where these swap rates settle down. “It is just the fixed-rates we have withdrawn and we will keep an very close eye on swap rates and bring some new products to the markets when...

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