Paragon Bank has made a number of changes to its BTL range of mortgages, launching new products, cutting rates and removing application fees in places.
The lender has added to the range with two new products available at up to 80% LTV.
These products are available for purchasing or remortgaging single self-contained properties with EPC ratings of A to C.
With the option to fix rates over two- and five-year terms, both products are priced at 6.14% with nil product fee and a £299 application fee.
Elsewhere, Paragon has reduced rates for all 70% and 75% LTV products by 10bps for single self-contained properties.
As a result two-year fixed-rate products in this range start at 3.24% with a 5% product fee and a £299 application fee.
At 75% LTV, two-year fixed rate products are now priced from 4.24% with a 3% product fee and no application fee.
When fixed over five years, rates start at 4.74% with a 5% fee and £299 application fee.
“Reducing rates by 10bps on select SSC mortgages provides some great value options for landlords,” said James Harrison, product manager at Paragon Bank Mortgages (pictured above).
“Also removing application fees on our 75% LTV 3% product fee range will reduce up-front borrowing costs, offering additional value for landlords, particularly those with larger portfolios.”
