Paragon Bank launches limited edition buy-to-let mortgages – rates from 4.74%
02 December 2024
- New five-year fixed-rate buy-to-let mortgages with 5%, 3% and nil fee options
- Available for purchase and remortgage up to 65% loan-to-value
- Available for individual and limited company applications in England, Scotland and Wales
Paragon Bank has bolstered its range of buy-to-let mortgages with the launch of limited edition five-year fixed-rate deals at 65% loan-to-value (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 nil fee 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 nil fee 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.”
For more information, including Annual Percentage Rates of Change (APRC) and Early Redemption Charges, please visit the Paragon website here.
