Paragon temporarily scraps valuation and application fees

Specialist lender Paragon has removed valuation and application fees from its entire range of buy-to-let portfolio products for a limited period.

The promotion follows the launch of four new two-year fixed portfolio products, starting at 2.99% at 75% LTV for single units and 3.20% for houses of multiple occupation (HMOs) and multi-use buildings (MUB) in October.

“It’s important to us that our buy-to-let products represent the very best value and choice to our landlord customers and intermediary partners,” John Heron, managing director off mortgages at Paragon, said.

“This offer, whilst only available for a limited time, does just that and we hope it will be a welcome piece of good news for landlords in an otherwise challenging market of late.”

The normal application fee of £150 and valuation fees are being waived until further notice.