Paragon Bank has introduced its cheapest buy-to-let five-year fix in almost three years

Rates for the limited-edition buy-to-let mortgages start at 4.29%, the lender’s cheapest five-year fix in almost three years, for landlords purchasing or remortgaging single self-contained (SSC) properties with EPC ratings of A to C.

Five-year options are also available for SSC’s rated at EPC D or E and HMOs, with interest charged at 4.34% and 4.64% respectively.

The mortgages are available at up to 65% loan-to-value and include a 5% product fee. Paragon is also offering nil fee versions priced one-percentage point higher than the corresponding 5% fee products

Available to landlords operating through limited companies or individuals in England, Scotland and Wales, Paragon’s latest limited-edition five-year fixes have a £150 application fee and 5% interest coverage ratio (ICR).

CHL Mortgages for Intermediaries has announced it is introducing free valuation products and reducing rates by up to 39bps.

The specialist lender’s free valuation option is available on selected products in both its CHL1 limited edition and CHL2 large houses in multiple occupation (HMOs) ranges.

CHL1 offers products for a wide range of property types, from standard buy-to-lets to HMOs and multi-unit freehold blocks (MUFBs) of up to six units.

CHL2 is aimed at landlords with more complex property types, such as large HMOs and MUFBs of up to 10 units.

The lender has also reduced rates by up to 39bps across all products and ranges, with two-year fixed rates now starting from 2.35% and five- year fixed rates starting from 4.48%.

All products are available to individual and limited company landlords, with LTVs up to 75% and a choice of product fees available.