Paragon Bank has introduced six new limited-edition five-year fixed-rate options for portfolio landlords with four or more properties.
The new products are all available at up to 65% LTV with no application fees, and include a free mortgage valuation.
Rates start at 4.65% for single self-contained homes with an A-C EPC rating, going up to 4.70% for properties with lower energy efficiency ratings, and 4.90% for HMOs and MUBs — all three options include a 5% product fee, with ICRs calculated at 5%.
Paragon has also introduced three nil fee options, which are priced at 5.70% for the green mortgage, 5.75% for homes with a D or E EPC rating, and 5.95% for HMOs and MUBs.
Louisa Sedgwick, commercial director at Paragon Bank (pictured above), said: “These limited-edition products are priced at around 25 basis points lower than our core range and provide more options for landlords looking to expand their portfolio or remortgage existing properties.
“We’re enhancing our range at 65% LTV to provide some attractive options for those who have larger deposits or who would like to leverage the equity in their portfolio to expand, increasing the number of homes that are very much needed to meet strong levels of tenant demand.”
