Paragon, NatWest and RAW unveil new buy to let deals and processes

Paragon has widened its buy to let mortgage line-up, adding six two-year Bank Base Rate tracker products following broker feedback and renewed landlord demand for flexibility.

The new deals sit alongside the lender’s existing five-year trackers linked to the Bank of England Base Rate and are available up to 75% loan-to-value.

All come without early repayment charges, allowing borrowers to switch or refinance during the term without penalty.

Pricing across the six additions starts at Bank Base Rate plus 1.35%, translating to 5.10%, for single self-contained homes.

Rates for Houses in Multiple Occupation and multi-unit blocks begin at 5.45%, equivalent to Base Rate plus 1.70%.

Increased landlord choice

Landlords can choose between three fee structures of 0.75%, 1% or 1.50% with the products open to purchases and remortgages.

Interest coverage ratios are assessed at the initial rate plus two percentage points.

Borrowers with larger portfolios can also include any of Paragon’s tracker products within a multi-property application covering between four and 99 units.

This structure reduces legal costs by requiring a single certificate of legal advice and removes application fees on HMO and MUB cases.

Paragon’s buy to let product manager, James Harrison, said: “Adding two-year products to our range of Bank Base Rate tracker mortgages further increases choice for landlords, with a range of fee options and no ERCs offering customers a balance of flexibility and certainty.”

Moneyfactscompare highlights NatWest deal

Moneyfactscompare.co.uk has highlighted a five-year deal from NatWest at 60% loan-to-value, now priced at 3.92% until 30 April 2031 after a 0.08% reduction.

Caitlyn Eastell, a personal finance analyst at the platform, said: “NatWest has reduced some of its buy to let fixed rates by up to 0.11%.

“The five-year deal at 60% loan-to-value has seen a slightly smaller 0.08% cut and is now priced at 3.92% until 30 April 2031.

“Borrowers may note that there is a reasonable £995 product fee, which is then offset by its free valuation incentive, so this may still be an attractive choice for those looking to keep costs low.

“However, this deal is only available online which some may want to consider.”

The NatWest product is available to purchase customers across Great Britain and Northern Ireland, allows overpayments and includes a free valuation.

RAW unveils AVMs

Meanwhile, specialist lender RAW Capital Partners has introduced automated valuation models on eligible mortgage cases.

Doing so allows valuations to be completed before an Agreement in Principle is issued.

The move is aimed at speeding up decisions on lower-risk applications while retaining a bespoke approach for more complex borrowing.

AVMs will apply on loans up to 60% loan-to-value, secured on completed buy to let investments.

Maximum advances are capped at £300,000 in London and £200,000 elsewhere.

The enhancement is available to both UK and overseas clients, following RAW’s expansion into lending for UK residents from December 2025.

Tim Parkes, the firm’s chief executive, said: “Speed and certainty are increasingly important for brokers and borrowers, particularly at the early stages of an application.

“Introducing automated valuations on more vanilla cases allows us to provide clarity more quickly, without compromising the flexibility that defines our proposition.”

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