Paragon Bank has refreshed its buy-to-let mortgage range, with rates starting from 3.55% and products available at up to 80% LTV across both its Core and Tailored propositions.
The updated range covers two-year and five-year fixed-rate options at 60%, 70%, 75% and 80% LTV, available for purchase and remortgage applications. Individual and limited company landlords in England, Scotland and Wales can apply.
Within the single self-contained range at 75% LTV, two-year fixed rates open at 3.55% on Paragon's green mortgage products, available on properties with EPC ratings of A to C. Properties with lower EPC ratings are priced from 3.60%.
For landlords seeking longer-term payment certainty, five-year fixed rates start from 4.95% on green mortgage products, rising to 5.00% for properties rated below C.
Landlords financing HMOs and multi-unit blocks can access two-year fixed rates from 3.70% at 75% LTV, with five-year fixed rates beginning at 5.10%.
The range incorporates nil-fee, percentage-fee and fixed-fee pricing structures. Cashback of up to £1,000 is available on selected products, with application fees varying by product type and property category.
A selection of products is also available through Paragon's Tailored proposition, supporting buy-to-let applications that fall outside standard lending criteria.
James Harrison, product manager at Paragon Bank (pictured), said: "While swap rates remain volatile, we've created efficiencies within our pricing and proposition processes that allow us to respond quickly to market movements when they occur. At the same time, we've ensured brokers can access these products across both our Core and Tailored ranges.
"This provides options for landlords with straightforward borrowing requirements, as well as those with more complex circumstances that may benefit from a tailored underwriting approach."
