The buy-to-let lender will make the deal available across its Paragon Mortgages and Mortgage Trust brands.
All applications received by the lender before 31st December will not be subject to the fees. The lender said brokers could use the saving to entice landlords to expand their portfolios ahead of the end of the year.
John Heron, managing director of Paragon Mortgages and Mortgage Trust, said: “With Christmas just around the corner we are extending this special offer to intermediaries to help them pass on savings to their landlord customers.
“Our trends research shows that 16% of landlords are looking to add to their rental property portfolios in the last quarter of the year, so we hope that this exclusive offer is the perfect present.”
The Cambridge Building Society has also announced changes to its buy-to-let proposition. The lender has reduced rates by 0.80% on some products and lowered fees.
A five-year fixed rate mortgage is now available at 4.69%, reduced from 5.49%. The application fee has also dropped from 1.5% to 1.0% plus £199.
The mutual’s two-year fixed rate is lowered to 3.99% with a two-year discounted rate available at 3.84%. All three products are available at 75% LTV both direct and through brokers with cases in the East Anglia region.
Tracy Simpson, mortgage and intermediary sales manager at The Cambridge, commented: “We have completely re-launched our buy-to-let range, streamlining it to make it more attractive to mortgage intermediaries.
“We are always looking for ways to adapt and improve our mortgage range to ensure that we remain competitive and attractive for those wanting to do business with The Cambridge.”
