Paragon Bank has announced that it has launched a new range of limited-edition buy-to-let mortgages, featuring its most competitive five-year fixed rates since August 2022.
Rates start from 4.29% for landlords purchasing or remortgaging Single Self-Contained (SSC) properties with EPC ratings of A to C. Five-year fixes are also available for SSC properties rated EPC D or E at 4.34% and for HMOs at 4.64%.
These deals are available at up to 65% loan-to-value with a 5.00% product fee. For those seeking greater flexibility, Paragon is also offering no-fee options priced one percentage point higher than their corresponding fee-based products.
Available to both individual and limited company landlords across England, Scotland, and Wales, these mortgages feature a £150 application fee and a 5% interest coverage ratio (ICR).
“We’ve launched these limited-edition products to give landlords more choice and offer solutions that suit a wide range of customer needs,” explained James Harrison, the lender’s mortgage product manager.
“By offering a lower LTV of 65%, landlords able to put down a larger deposit can benefit from our most competitive rates.”
Harrison also highlighted the lender’s broader offering: “While we’re well known for our expertise with HMOs and multi-unit blocks, we’re equally committed to supporting newer landlords who are growing their portfolios with more straightforward investments, like single self-contained properties.”
