• Rates on five-year fixed-rate buy-to-let mortgages starting at 4.65%
• Nil and 5% fee options offered at up to 65% loan-to-value (LTV)
• All products feature nil application fee and free mortgage valuation

Paragon Bank has added six limited edition five-year fixed rate products to its range of buy-to-let mortgages for portfolio landlords, all available at up to 65% loan-to-value.

Rates start at 4.65% for single self-contained homes with A, B or C category Energy Performance Certificates (EPC) and increases to 4.70% for properties with lower energy efficiency ratings. Landlords purchasing or remortgaging Houses in Multiple Occupation (HMO) or Multi-Unit Blocks (MUB) can secure rates at 4.90%. These five-year fixed-rate mortgages are offered with a 5% fee, with ICRs also calculated at 5.00%.

Paragon’s limited edition offering also features three nil fee options, which are priced at 5.70% for the green mortgage, 5.75% for homes EPC rated D or E, rising to 5.95% for HMOs and MUBs. ICRs are calculated in line with these initial rates.

The products are all available for portfolio landlords – those with four or more buy-to-let mortgages - and are available to landlords applying through limited company structures or in personal name in England, Scotland and Wales.

Louisa Sedgwick, Commercial Director at Paragon Bank, said: “These limited-edition products are priced at around 25 basis points lower than our core range and provide more options for landlords looking to expand their portfolio or remortgage existing properties.  

“We’re enhancing our range at 65% LTV to provide some attractive options for those who have larger deposits or who would like to leverage the equity in their portfolio to expand, increasing the number of homes that are very much needed to meet strong levels of tenant demand.”

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
Paragon
Tel: 0121 712 2319
[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 is 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.