You are here: Home - News -

Paragon Bank releases limited edition five-year fixes

by:
  • 18/08/2023
  • 0
Paragon Bank releases limited edition five-year fixes
Paragon Bank has launched a range of five-year fixed mortgages at 65 per cent loan to value (LTV).

The trio of products are limited edition and rates begin from 5.35 per cent. 

For landlords purchasing a single self-contained property with an EPC rating of A-C, the rate of 5.35 per cent is available. This rises to 5.4 per cent for properties rates D or E.  

The interest coverage ratio (ICR) is calculated at 5.5 per cent for both options. 

For houses in multiple occupation (HMO) and multi-unit blocks (MUB), the rate is 5.6 per cent and ICR is calculated at 5.6 per cent. 

There is a five per cent fee for the products and they are available for portfolio landlords applying either as individuals or within limited company structures in England, Scotland and Wales. 

Louisa Sedgwick (pictured), commercial director at Paragon Bank, said: “We know that portfolio landlords remain active in the market, with many having built up good levels of equity across their portfolios. We’ve launched these limited edition five-year fixed-rate mortgages, available at up to 65 per cent LTV, to provide these landlords with competitively priced options.  

“These complement the two-year fixed rate mortgages we recently brought to the market, offering landlords the certainty of fixed interest rates over two popular terms.” 

There are 0 Comment(s)

You may also be interested in