"By reducing rates across the whole range and maintaining a breadth of fee options, we're giving landlords the flexibility to choose products that best suit their own circumstances and portfolio strategy"
- Jason Wilde - Paragon Bank
Paragon Bank has reduced rates by 20bps across its buy-to-let mortgage range, giving landlords access to lower pricing across both two-year and five-year fixed products, with rates now starting from 3.55%.
The cuts apply to purchase and remortgage products up to 75% LTV and are available to individual landlords and limited companies across England, Scotland and Wales. Fee options span nil, 3%, 4%, 5%, and a flat £3,995, allowing borrowers to tailor their product to their own financial priorities.
The lowest rates in the range are available on Paragon's green mortgage products, which apply to single self-contained (SSC) properties with an EPC rating of A-C. Two-year fixed green products start from 3.55% at 75% LTV, while five-year fixed green products start from 4.75%. Properties with lower energy efficiency ratings are priced 5bps higher across both fix lengths.
Paragon has also cut rates on products for houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), though these remain priced 15bps above equivalent green EPC SSC products.
"Landlords are navigating a market that continues to be shaped by political and economic uncertainty," said Jason Wilde, head of mortgage sales at Paragon Bank. "In this environment, we are seeing many opt for higher fee products in order to secure a lower headline rate.
"That won't be the right approach for everyone, however. By reducing rates across the whole range and maintaining a breadth of fee options, we're giving landlords the flexibility to choose products that best suit their own circumstances and portfolio strategy."
The changes reflect a broader pattern among buy-to-let lenders responding to landlord demand for competitive pricing alongside genuine product flexibility, particularly as borrowers weigh up the trade-off between upfront fees and long-term rate costs.
