Paragon Bank has launched a limited edition range of five-year fixed-rate BTL products.
All available up to 75% LTV, the range includes nil and 3% fee options as well as £3,995 fee products.
All are subject to a £299 application fee.
Cashback of £750 is available for products where a fee is paid.
Rates on the new mortgages start from 4.94% with a 3% fee, available for single self-contained (SSC) properties with EPC ratings of A to C.
These rates increase by 5bps for properties with EPC ratings of D or E.
Houses in multiple occupation (HMOs) can be financed with rates from 5.19% on a 3% fee option.
Landlords who prefer to pay the £3,995 fee can access mortgages in the range from 5.45%, while the nil fee product starts at 5.74% when purchasing SSCs with strong EPC ratings.
Paragon Bank product manager James Harrison (pictured above), commented: “We’re kicking off the year with a new limited edition range with rates that are up to 30bps lower that the equivalent core products they replace.
“This will broaden choice for landlords looking to remortgage or add to their portfolios.”
“With rates coming down, we’re seeing an increase in the popularity of mortgages with lower and fixed fees.”
