Paragon Bank has added limited-edition fixes to its range of BTL mortgages, with rates starting at 4.85%.
Non-portfolio landlords with fewer than four BTL mortgaged properties can choose between two different two-year fixed-rate mortgages that are available at up to 70% LTV.
Rates on Paragon’s green mortgage product — available to purchase or remortgage properties with EPC ratings of A-C — start at 4.85% with ICR calculated at 6.85% and a 5% fee.
A limited-edition five-year fix is also available at up to 75% LTV, with interest and ICR calculation rates starting at 6.05% on the green mortgage, increasing by 5bps for purchasing or remortgaging properties with EPC ratings of D or E.
The specialist BTL lender has also added products to its range of mortgages for portfolio landlords, all offered at up to 75% LTV with a 3% fee.
When purchasing or remortgaging single self-contained properties, rates start at 5.94% and ICR is set at 7.94% when borrowed over two years, while initial and ICR rates are both set at 6.05% on the five-year fixed-rate product.
For HMOs and MUBs, initial rates start at 6.19% with an 8.19% ICR rate when fixed over two years, while the equivalent five-year product has an initial and ICR rate of 6.30%.
All products include a free valuation and are available to landlords applying as individuals or within limited-company structures in England, Scotland and Wales.
Louisa Sedgwick, commercial director at Paragon (pictured above), said: “We are constantly reviewing our range considering the changing economic environment, and with data to suggest that this is improving, we’re able to bring some new excitingly priced products to the market.
“The latest additions to our range of BTL mortgages see us improve the choice we’re offering landlords, with a range of different rates, fees and terms.”
