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Paragon Bank has added six limited edition five-year fixed rate products to its range of buy-to-let mortgages for portfolio landlords, all available at up to 65% loan-to-value.

Rates start at 4.65% for single self-contained homes with A, B or C category Energy Performance Certificates (EPC) and increases to 4.70% for properties with lower energy efficiency ratings.

Landlords purchasing or remortgaging houses in multiple occupation (HMO) or multi-unit blocks (MUB) can secure rates at 4.90%. These five-year fixed-rate mortgages are offered with a 5% fee, with ICRs also calculated at 5%.

Paragon’s limited edition offering also features three nil fee options, which are priced at 5.70% for the green mortgage, 5.75% for homes EPC rated D or E, rising to 5.95% for HMOs and MUBs. ICRs are calculated in line with these initial rates.

The products are all available for portfolio landlords – those with four or more buy-to-let mortgages – and are available to landlords applying through limited company structures or in personal name in England, Scotland and Wales.

Paragon commercial director Louisa Sedgwick (pictured) said: “These limited-edition products are priced at around 25 basis points lower than our core range and provide more options for landlords looking to expand their portfolio or remortgage existing properties.

“We’re enhancing our range at 65% LTV to provide some attractive options for those who have larger deposits or who would like to leverage the equity in their portfolio to expand, increasing the number of homes that are very much needed to meet strong levels of tenant demand.”

Meanwhile, TAB has expanded its reach to Scotland, where it is now operating its bridging loan services to customers.

The real estate finance and investment house will focus on main towns and cities within Scotland catering to all commercial and residential properties.

Sales development director Jon Sturgess will spearhead the Scotland team to develop new and existing relationships, while Brodies LLP will act as the primary solicitor.

Sturgess commented:“2024 has already been an exciting year for TAB as we continue to extend our lending products across the whole of the UK, and there is no better time than now to launch our offering in Scotland.

“TAB Scotland is an opportunity for us to strengthen our ties and provide our expert lending services to our customers. We’ve already partnered with top brokers in the area, making TAB a go-to place for all lending needs.”

This move into Scotland comes as part of TAB’s broader expansion plan for 2024, coinciding with the appointment of new business development managers focused on the North, South, and Midlands regions of England and Wales.

TAB’s bridging product offers customer loans of up to £2.5m, with terms extending up to 24 months and a maximum loan-to-value ratio of 70%.



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