Paragon Bank has launched a limited edition two-year fixed-rate BTL product available at properties with EPC ratings between A to C.
Available from 3.45%, this new mortgage is available with a 4% product fee and up to 70% LTV.
Interest Coverage Ratios for this product are calculated at 5.5%.
Paragon is also offering an equivalent product for purchasing or remortgaging HMOs and MUFBs, with rates priced at 3.80% and stressed at 5.80%.
Customers can access £500 cashback on completion, as well as free mortgage valuations.
“With the economy settling a little following recent disruption, swap rates have gradually reduced, enabling us to lower rates for landlord customers,” said James Harrison, mortgage product manager at Paragon Bank (pictured above).
“It’s fantastic to be able to offer some market-leading rates on two-year fixed deals, which brokers tell us are a popular option currently.”
