Paragon unveils limited-edition five-year BTL deals

Paragon Bank has introduced a range of limited-edition five-year fixed rate buy to let mortgages featuring attractive rates and flexible fee options.

The products offer landlords a choice between nil, 3% and £3,995 arrangement fees.

Landlords can also benefit from £750 cashback on selected options.

The mortgages are available for both purchase and remortgage up to 75% loan-to-value (LTV).

New limited edition range

Paragon’s product manager, James Harrison, said: “We’re kicking off the year with a new limited-edition range with rates that are up to 30bps lower than the equivalent core products they replace.

“This will broaden choice for landlords looking to remortgage or add to their portfolios.”

He added: “With rates coming down, we’re seeing an increase in the popularity of mortgages with lower and fixed fees.”

Mortgage rates for EPCs rated A-C

Rates for single self-contained (SSC) properties with energy performance certificates (EPCs) rated A-C begin at 4.94% with a 3% fee.

For properties with D or E EPC ratings, rates increase by 5 basis points.

Houses in multiple occupation (HMOs) can be financed with rates starting at 5.19% on the 3% fee option.

The £3,995 fee five-year fix commences at 5.45%, while the nil fee option starts at 5.74% for purchasing or remortgaging SSCs with A-C rated EPCs.

All limited-edition products are subject to a £299 application fee.

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