Paragon adds more further advance products to green line-up | Mortgage Strategy

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Paragon Bank has brought out four more green further advance products in its buy-to-let range.

First made available at the end of March this year, the mortgages require a property to have an Energy Performance Certificate rating of A, B, or C.

All four products are available at up to 80% LTV and, for single self-contained units, comprise a two-year fix at 3.75% and a five-year fix at 3.99%.

For houses in multiple occupation or multi-unit blocks, the lender now offers a two-year fix at 3.85% and a five-year fix at 4.19%.

No application or product fees apply to any of the above products.

Paragon director of mortgage sales Moray Hulme comments: “With the government proposing that private rented sector homes will need a minimum EPC rating of C for new tenancies by 2025 and for all homes in the sector by 2028, we recognise that a number of landlords may need to modify their portfolios.

“This may require significant investment so the financial services sector can play an important part in creating sustainable future.

“By adding to our product range that offers financial incentives to encourage investment in more energy efficient homes, we’re supporting landlords, helping them comply with government regulations while making their properties more attractive to prospective tenants.”


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