Could Paragon's 'biggest innovation' in 30 years lead to more competitive mortgage rates or better terms for property investors?
Quick Answer
While 'innovation' often promises better terms, it's unlikely to drastically lower BTL mortgage rates given the current 4.75% Bank of England base rate and typical 5.0-6.5% BTL rates. It may offer niche products or simplified processes.
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Will Paragon's 'innovation' solve your BTL mortgage woes? Steve Potter analyses if new products will truly offer better rates or terms for UK property investors.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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