• Five-year fixed-rate BTL mortgages, available at up to 65% loan-to-value
• Rates starting at 5.35%
• Available for single self-contained properties (SSC), houses in multiple occupation (HMO) and multi-unit blocks (MUB)

Paragon Bank has launched three limited edition five-year fixed-rate buy-to-let mortgages, with rates from 5.35%.

Landlords purchasing single self-contained properties with EPC ratings of A-C can secure finance at up to 65% loan-to-value (LTV) with interest fixed at 5.35% for five years, increasing by 5bps to 5.40% on homes with lower energy ratings of D or E. Interest coverage ratios (ICR) are calculated at 5.50% on both products.

The specialist buy-to-let lender has also added a 65% LTV, five-year fixed rate option for Houses in Multiple Occupation (HMO) and Multi-Unit Blocks (MUB) at 5.60%. The ICR rate for these products is also set at 5.60%.

The limited edition buy-to-let mortgages come with a 5% fee and are available for portfolio landlords – those with four or more mortgaged buy-to-let properties – applying as individuals or within limited company structures in England, Scotland and Wales.

Louisa Sedgwick, Commercial Director at Paragon Bank, said: “We know that portfolio landlords remain active in the market, with many having built up good levels of equity across their portfolios. We’ve launched these limited edition five-year fixed-rate mortgages, available at up to 65% LTV, to provide these landlords with competitively priced options.

“These complement the two-year fixed-rate mortgages we recently brought to the market, offering landlords the certainty of fixed interest rates over two popular terms.”

For more information, including Annual Percentage Rates of Change (APRC) and Early Redemption Charges, please visit the Paragon website here.

For media enquiries contact:

Jordan Lott
Media Relations Manager
[email protected]
www.paragonbank.co.uk 

Notes to editors:

Paragon lends to private individuals and limited companies and provides mortgages suitable for single, self-contained properties, as well as HMOs and multi-unit blocks. Paragon can accommodate higher aggregate lending limits and more complex letting arrangements including local authority leases and corporate leases along with standard ASTs.

Paragon Bank PLC a subsidiary of the Paragon Banking Group PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £14 billion of assets under management, helping more than 340,000 customers to achieve their ambitions.