The limited-edition products include a two-year fixed rate for single self-contained (SSC) properties with an Energy Performance Certificate (EPC) rating of A to C, priced at 3.29%.
This goes up to 3.34% for properties with higher EPC ratings, and there is a 3.64% option for houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
The SSC deals come with no application fee and go up to £299 for HMO and MUB fixed rate products. All deals come with a 5% fee.
James Harrison, Paragon Bank’s mortgages product manager, said: “Our research shows that the majority of landlords looking for two-year fixed options are seeking LTVs above 70%, so we are confident the combination of attractive rate and 75% LTV will be appealing for landlords seeking to grow portfolios or remortgage existing properties.
“There remains strong demand for energy-efficient homes in the rental sector and landlords are responding to that trend. Our green options, which are available for properties with EPC ratings of A to C, offer great value for those landlords seeking energy-efficient properties.”
Mind the affordability gap
Sponsored by Newcastle for Intermediaries
An earlier survey by Paragon showed that there was strong demand for properties in the Midlands and North of England.
