BTL rates reduced at Paragon Bank

Property Reporter
23rd November 2021
Moray Hulme - Paragon Bank 722

Paragon Bank has announced that it has cut rates across four of its 80% and 75% loan-to-value five-year fixed-rate buy-to-let products.

According to the lender, reductions across 80% LTV products include a five-year fixed-rate cut from 4.09% to 3.95% and a 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 fees and include a free valuation and £350 cashback.

For 75% LTV products, the changes include five-year fixed rates reduced to 3.15% from 3.35% and 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, (pictured) 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.”

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