Paragon, YBS and MT Finance unveil new BTL mortgage offers

Paragon Bank, YBS Commercial Mortgages and MT Finance have rolled out updates to their mortgage and finance offerings, providing greater borrowing capacity and reduced costs.

Paragon has introduced a fresh range of buy to let mortgages at up to 80% loan-to-value (LTV), catering to those purchasing or refinancing single self-contained (SSC) properties with energy performance certificate (EPC) ratings of A-C.

The two- and five-year fixed-rate products are set at 6.14%, featuring no product fee but a £299 application charge.

Also, the bank has shaved 10 basis points off its 70% and 75% LTV SSC products, while waiving application fees on 75% LTV options that carry a 3% product fee.

Significant BTL growth

Paragon’s commercial director of mortgages, Russell Anderson, said: “Recent UK Finance figures revealed significant growth in buy to let purchase and remortgage lending.

“This suggests that landlords are feeling more confident and actively expanding their portfolios, perhaps targeting higher-yielding stock, or improving the properties they already own.”

He added: “Expanding our range with buy to let mortgages available on SSCs at up to 80% LTV supports this, providing landlords who want to borrow more with additional options.”

YBS lowers BTL tracker

Meanwhile, YBS Commercial Mortgages has lowered rates on its buy to let tracker by 0.25%.

Landlords can now secure funding up to £20 million at a 75% LTV with a variable rate of 5.75% (Bank Base Rate + 1.25%).

This three-year product, available on capital-and-interest or interest-only terms, includes a 2% arrangement fee.

No alterations have been made to other products in its line-up.

For landlord choice

The interim managing director at YBS Commercial Mortgages, Angela Norman, said: “We’re so pleased to improve the value of our buy-to-let tracker, launched last year as a direct result of broker feedback.

“This product recognises the current, volatile environment, with borrowers carefully considering their choices – in some cases, looking for an option other than to fix their rate.”

She adds: “Maintaining pricing on the rest of the range means that we can provide the stability that we know is so important to our brokers and customers.”

Max LTV on MT Finance’s AVM

MT Finance has raised its maximum LTV on automated valuation model (AVM) transactions from 60% to 65% for both regulated and unregulated bridging finance on standard residential properties.

This change, which requires no physical property inspection, aims to offer a quicker, more economical valuation process while upholding responsible lending standards.

Gareth Lewis, the firm’s managing director, said: “We’re pleased to announce this increase to our maximum LTV on AVM valuations.

“This enhancement reflects our ongoing efforts to streamline the application process and provide our broker partners with more competitive and accessible financing solutions for their clients.

“By increasing the LTV to 65%, we’re giving our clients greater borrowing capacity to support them in achieving their property goals efficiently.”

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