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Paragon Bank reduces buy-to-let mortgage rates 

  • 80% LTV mortgage rates now from 3.85%
  • 75% LTV mortgage rates now from 3.05%
  • Products offered with free valuations and cashback

Paragon Bank has reduced rates across four of its 80% and 75% loan-to-value (LTV) five year fixed-rate buy-to-let products.

The reductions across 80% LTV products include:

  • Five year fixed-rate reduced to 3.95% from 4.09%
  • Five year fixed-rate 80% LTV green mortgage (available for EPC A-C properties) reduced to 3.85% from 3.99%

Both of these products incur nil product fee and include a free valuation and £350 cashback.

The reductions across 75% LTV products include:

  • Five year fixed-rate reduced to 3.15% from 3.35%
  • Five year fixed-rate green mortgage (available for EPC A-C properties) reduced to 3.05% from 3.25%

Product fees for the 75% LTV deals are charged at £1,995 and both products feature free valuations, no application fees and £750 cashback. 

Moray Hulme, Paragon Bank Mortgage Sales Director, said: “Landlords are looking to add to portfolios to satisfy growing levels of tenant demand. We have re-priced some of our rates to provide investors with some competitive mortgages at 75% and 80% LTV.”

The products, for professional buy-to-let landlords with four or more mortgaged buy-to-let properties, are available for those operating as limited companies or individuals. They are suitable for financing houses in multiple occupation (HMOs), single self-contained units (SSCs) and multi-unit blocks (MUBs) as well as holiday let properties.

Paragon’s full buy-to-let product range is available at www.paragonbank.co.uk.