Paragon Bank has launched three 75% LTV limited edition buy-to-let fixed-rate mortgages, with rates starting at 3.29%.
The two-year fixed-rate mortgages includes a 3.29% option for single self-contained (SSC) properties with an EPC rating of A-C, rising to 3.34% for EPC ratings above this.
Additionally, a 3.64% option is available for HMOs and multi-unit blocks.
The FTSE 250 buy-to-let specialist’s new limited-edition products benefit from a free mortgage valuation and £500 cashback. The SSC options have no application fee, rising to £299 for the HMO and MUB fixed-rate mortgage, and all products come with a 5% fee.
James Harrison, Paragon Bank Mortgages Product Manager, says: “Our research shows that the majority of landlords looking for two-year fixed options are seeking LTVs above 70%, so we are confident the combination of attractive rate and 75% LTV will be appealing for landlords seeking to grow portfolios or remortgage existing properties.”
He adds: “There remains strong demand for energy efficient homes in the rental sector and landlords are responding to that trend. Our green options, which are available for properties with EPC ratings of A to C, offer great value for those landlords seeking energy efficient properties”
This article is taken from Landlord Today