"There remains strong demand for energy-efficient homes in the rental sector, and landlords are responding to that trend"
- James Harrison - Paragon Bank
Paragon Bank has introduced three limited edition buy-to-let fixed-rate mortgages with a 75% loan-to-value (LTV), with rates starting at 3.29%.
The two-year fixed-rate products include a 3.29% option for single self-contained (SSC) properties with an EPC rating of A-C, rising to 3.34% for properties above this rating.
A 3.64% rate is also available for houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
The FTSE 250 buy-to-let specialist is offering a free mortgage valuation and £500 cashback with these products. SSC options carry no application fee, while the HMO and MUB mortgages have a £299 application fee. All products come with a 5% arrangement fee.
SSC two-year fixed rate: 3.29% for EPC A-C, 3.34% for higher ratings
HMO and MUB two-year fixed rate: 3.64%
Free mortgage valuation and £500 cashback included
“Our research shows that the majority of landlords looking for two-year fixed options are seeking LTVs above 70%, so we are confident the combination of attractive rate and 75% LTV will be appealing for landlords seeking to grow portfolios or remortgage existing properties,” explained James Harrison, Paragon Bank mortgages product manager.
He added: “There remains strong demand for energy-efficient homes in the rental sector, and landlords are responding to that trend. Our green options, which are available for properties with EPC ratings of A to C, offer great value for those landlords seeking energy-efficient properties.”
