Buy-to-let specialist lender Paragon has released four limited edition five-year fixed rate deals to offer “certainty” for portfolio landlords when remortgaging.
Pricing starts at 4.9 per cent and is available for purchase or remortgage for properties with an EPC rating between A and C.
This rises to 4.95 per cent for homes with an EPC rating of D or E. Both these products come with a three per cent fee.
The other two products come with a fee of £2,495. Rates for the deals are set at 5.25 per cent for properties with an EPC rating between A and C and 5.3 per cent for homes EPC-rated D or E.
The deals have a maximum loan to value (LTV) of 75 per cent and a maximum loan of £4m.
The interest coverage ratio (ICR) is 5.5 per cent and the deals are available for portfolio landlords with four or more buy-to-let mortgaged properties.
The deals also come with free valuations and can be used for single self-contained properties, houses in multiple occupation and multi-unit blocks.
Moray Hulme (pictured), director for mortgage sales at Paragon, said: “The launch of these limited edition products sees us replace four of our five-year fixes with mortgages that feature lower rates.
“This improves our range of fixed rate products so is good news for portfolio landlords who want some certainty when remortgaging one of their existing properties or purchasing homes in response to what is now sustained strong tenant demand.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
