Paragon Bank has unveiled a limited-edition range of BTL mortgages, with rates starting from 4.74%.
The offering includes several five-year fixed-rate BTL products, available at 65% LTV.
Rates start from 4.74% for the purchase or remortgage of single self-contained properties, with EPC ratings of A to C.
The rate increases by 5bps for properties with ratings of D or E.
These carry a product fee of 5%, while 3% fee and nil fee options are available with rates starting from 5.14% and 5.74%, respectively.
Five-year fixed-rate mortgages are also available for HMO and MUB scenarios, with rates from 5.19% with a fee of 5%.
HMO and MUB rates of 5.59% attract a lower product fee of 3%, while a nil fee option is available at 6.19%.
The full proposition is available for individual and limited company applications in England, Scotland, and Wales.
“We’re keen to support landlords through a range of product options, and these limited-edition 5%, 3%, and nil fee 65% LTV mortgages provide customers with more choice,” said James Harrison, product manager at Paragon Bank (pictured above).
“Offered at a lower LTV of 65%, these products will be particularly appealing to those that can put down a slightly larger deposit to benefit from lower rates.”
ICRs are aligned to initial rates, or at 5% where the product rate is below 5%.
