• Rates on two-year fixed-rate buy-to-let mortgages starting at 3.94%
• Reductions of up to 35bps
• Both 70% and 75% loan-to-value (LTV) products available

Paragon Bank is celebrating Valentine's Day by offering landlords some attractive deals on its two-year fixed-rate buy-to-let mortgages, including its lowest rate for 18 months and reductions of up to 35bps.

Key highlights include:

• A new 70% LTV two-year fixed rate product starting at 3.94% for green A-C EPC-rated single self-contained (SCC) properties, 3.99% for SSC properties at EPC D-E and 4.19% for HMOs and multi-unit blocks. This is Paragon's lowest two-year fixed rate for over 18 months and the product comes with a 5% fee. Available for portfolio landlords.
• 75% LTV two-year fixed rate products with a 3% fee reduced by 35 basis points, starting at 4.85% for green properties, 4.90% for standard properties and 5.10% for HMOs and multi-unit blocks. Available for portfolio landlords.
• 75% LTV two-year fixed rate products with a 3% fee, starting at 4.85% for green properties and 4.90% for standard properties. Available for non-portfolio landlords.

ICRs are calculated at two percentage points above initial rates. The specialist lender’s mortgages 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: “Although there is still work to do to stabilise the economy, things do seem to be heading in the right direction and the general feeling is that rates are coming down. This means that we’re seeing landlords seek the stability of a fixed rate but over the shorter two-year term so they can reassess the market in a couple of years’ time.

“With it being Valentine’s Day, we wanted to show some love to our landlord customers so we’re offering our lowest rate on two-year fixes for new customers in over 18 months and have taken 35bps off our 3% fee two-year product too.”

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.