"Offered at a lower loan-to-value of 65%, these products will be particularly appealing to those that can put down a slightly larger deposit to benefit from lower rates."
- James Harrison, product manager at Paragon Bank
Paragon Bank has launched new limited edition five-year fixed rate buy-to-let deals at 65% LTV.
Rates start from 4.74% for the purchase or remortgage of single self-contained (SSC) properties rated EPC A-C, increasing by 5bps for properties with EPC ratings of D or E.
These products incur product fees of 5%, while 3% fee and fee-free options are available with rates starting from 5.14% and 5.74% respectively.
The limited edition range also includes five-year fixed-rate mortgages suitable for houses in multiple occupation (HMO) and multi-unit blocks (MUBs).
Rates for HMO/MUB start from 5.19% with a 5% fee, increasing to 5.59% with a lower 3% fee. A fee-free option is available with a rate of 6.19%.
All products are available for individual and limited company applications in England, Scotland and Wales.
ICRs are aligned to initial rates or at 5% where the product rate is below 5%.
James Harrison, product manager at Paragon Bank, said: “We’re keen to support landlords through a range of product options and these limited edition 5%, 3% and nil fee 65% LTV mortgages provide customers with more choice.
“Offered at a lower loan-to-value of 65%, these products will be particularly appealing to those that can put down a slightly larger deposit to benefit from lower rates.”
