Paragon Bank has cut rates on two-year fixed-rate BTL range by 11bps.
With immediate effect, rates on these 75% LTV products start at 4.24%.
Rates increase by 5% for homes with EPC ratings of D and E.
For landlords financing houses in HMOs and MUFBs, the products can be accessed from 4.59%.
All products are offered with free mortgage valuations.
While single self-contained properties have no application fee, landlords with HMOs and MUFBs will need to pay an application fee of £299.
“From speaking to brokers, we know that two-year deals are a popular option, with some landlords looking to fix now and then reassess the market and their businesses in two years’ time when rates are expected to be lower,” said Russell Anderson, commercial director of mortgages at Paragon Bank (pictured above).
“The products are priced competitively and should appeal to experienced, larger landlords, as well as those with 15 or fewer properties who may be able to benefit from a significantly smoother application process, with fewer document requirements following the most recent process and systems enhancements we’ve made.”
