Paragon reduces rates on BTL range | Mortgage Strategy

Img

Paragon has reduced rates across its buy-to-let remortgage and purchase product ranges.

The products involved are suitable for portfolio and non-portfolio landlords operating as individuals or through limited companies and range from 60% to 80% loan to value (LTV).

Highlights of the changes include: • 70% LTV, two-year fixed rate reduced from 2.95% to 2.85% (EPC A-C, portfolio landlords) • 75% LTV, two-year fixed rate reduced from 3.05% to 3.00% (EPC A-C, non-portfolio landlords) • 75% LTV, five-year fixed rate reduced from 3.20% to 3.13% (portfolio landlords) With rates starting at 2.85%, the specialist lender is offering a selection of two- and five-year fixed rate buy-to-let mortgages.

Paragon director of mortgage sales Moray Hulme says: “The high levels of demand for rented homes seen throughout last year looks set to continue into 2022 so landlords will be looking to respond and make an active start to the year. We’ve refreshed our buy-to-let product ranges, offering lots of different options for both portfolio and non-portfolio landlords who are modifying their portfolios, and reducing rates across the range. “To help to incentivise bringing more energy efficient properties into the private rented sector we’re also offering preferential rates on properties with Energy Performance Certificates rated A – C.”


More From Life Style