Paragon relaunches limited edition SSC deals; Pepper Money refreshes five-year fixes – roundup

The products are available up to 75 per cent loan to value (LTV) with its two-year fixed rate starting from 2.75 per cent and its five-year fixed rate starting from 3.1 per cent.

Both are available for both purchase and remortgage with portfolio landlords, individual borrowers and limited company borrowers.

The products come with free valuations and £750 cashback, whilst its two-year fixed rate has a one per cent product fee and its five-year fixed rate has a two per cent product fee.

Paragon Bank’s managing director for mortgages Richard Rowntree (pictured) said: “We know that there is still strong demand, despite the end of the stamp duty holiday, and the popularity of this range supports that.

“By extending our limited-edition range we are providing additional competitive rates, cashback and free valuations for landlords who are interested in diversifying their portfolios with single-self contained units (SSCs).”

The lender has also relaunched its limited edition houses in multiple occupation and multi-unit block products. and stepped back into holiday lets and short-term finance sectors and added extra-large loan products for portfolio landlords.

Pepper Money releases limited edition resi and BTL  products

Pepper Money has introduced limited edition five-year fixed rate residential and buy-to-let (BTL) products, with rates starting from 3.13 per cent.

This includes a five-year fixed rate BTL product available up to 75 per cent LTV, which has a rate of 3.13 per cent.

Individual borrowers and limited companies can access the product, and it is subject to a two per cent completion fee.

The lender’s residential product is a five-year fixed rate with a rate of 3.23 per cent, and is available up to 65 per cent LTV. The completion fee is £995.

Paul Adams, Pepper Money’s sales director, said: “We regularly review our products and pricing and have identified an opportunity to create these new limited edition low-rate products for residential and BTL customers. We know these will prove popular and will closely monitor volumes and communicate with brokers to ensure they’re not left disappointed.”