Buy-to-let lender Paragon has lowered rates for six of its five-year fixed rates by up to 0.2 per cent and nil fee options will go up by around 75 per cent loan to value (LTV) from 65 per cent LTV.
Rates will begin from 6.1 per cent for single self-contained properties with an EPC rating between A and C.
For five-year fixed rate purchase or remortgage with an EPC rating of D or E rating, pricing goes up by five basis points and 20 basis points for houses in multiple occupation (HMO) and multi-unit blocks (MUB).
The products go up to 75 per cent LTV, formerly 65 per cent LTV, and interest coverage ratios (ICR) are estimated to align with initial rates.
Paragon has lowered its five per cent fee five-year fixed rate by 0.1 per cent, with pricing starting from 5.15 per cent on the green product, 5.2 per cent on the standard SSC and 5.4 per cent for borrowers purchasing or remortgaging HMO or MUBs.
The products are available up to 75 per cent LTV and the ICR is calculated at 5.5 per cent.
All products include a free valuation and are subject to a £299 application fee.
Louisa Sedgwick, commercial director at Paragon Bank, said: “We’re keen to see our customers benefit from the stability that we’ve seen return to the economy, so we’re pleased to reduce rates across some of our five-year fixed-rate products. With both nil and five per cent fee options available, we are also in a position to provide landlords with more choice.”
She added: “We’re also upping the LTV, from 65 per cent to 75 per cent, on our nil fee products to provide options that will work for more landlords.”
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.
