Paragon Bank’s 80% LTV deals are available for purchase and remortgage for single self-contained (SSC) properties with an Energy Performance Certificate (EPC) between A and C.
The deals have two- or five-year terms, and both are priced at 6.14% with no product fee and £299 fee options.
Paragon Bank has also taken 0.1% off 70% and 75% LTV products for SSCs with EPC ratings from A to C. Two-year fixed rates begin at 3.24% with a 5% fee and £299 application fee.
At 75% LTV, two-year fixed rates are priced from 4.24% with a 3% product fee and no application fee.
Five-year fixed rates at the same LTV tier start from 4.74% with a 5% fee and £299 application fee.
Welcome to the future: how collaboration is driving the shift to digital home buying
Sponsored by Halifax Intermediaries
Paragon Bank has also removed the application fee from 75% LTV deals with a 3% product fee.
Russell Anderson, commercial director of mortgages at Paragon Bank, said: “Recent UK Finance figures revealed significant growth in buy-to-let purchase and remortgage lending. This suggests that landlords are feeling more confident and actively expanding their portfolios, perhaps targeting higher-yielding stock, or improving the properties they already own.
“Expanding our range with buy-to-let mortgages available on SSCs at up to 80% LTV supports this, providing landlords who want to borrow more with additional options.”
James Harrison, Paragon Bank’s mortgages product manager, added: “Reducing rates by 10bps on select SSC mortgages provides some great-value options for landlords. Also removing application fees on our 75% LTV 3% product fee range will reduce upfront borrowing costs, offering additional value for landlords, particularly those with larger portfolios.”
Last month, the firm’s BTL mortgage origination platform launched to the whole market.
