The bank’s rates on its refreshed BTL range start from 3.55%, with products available at 60%, 70%, 75% and 80% LTV.
Products are available to individual and limited company landlords across England, Scotland and Wales, for both purchase and remortgage applications.
Within the single self-contained (SSC) range at 75% LTV, two-year fixed rates start from 3.55% on Paragon’s green mortgage products, available on properties with energy performance certificate (EPC) ratings of A-C.
Equivalent products for properties with lower EPC ratings are available from 3.60%. For landlords seeking longer-term payment certainty, five-year fixed rates start from 4.95% on green mortgage products, or 5% on equivalent products for properties with EPC ratings below C.
For landlords financing houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), two-year fixed rates start from 3.7% at 75% LTV, while five-year fixed rates begin at 5.1%.
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A selection of products has also been made available through Paragon’s Tailored proposition, supporting BTL applications that fall outside standard lending criteria.
James Harrison (pictured), product manager at Paragon Bank, said: “While swap rates remain volatile, we’ve created efficiencies within our pricing and proposition processes that allow us to respond quickly to market movements when they occur. At the same time, we’ve ensured brokers can access these products across both our Core and Tailored ranges.
“This provides options for landlords with straightforward borrowing requirements, as well as those with more complex circumstances that may benefit from a tailored underwriting approach.”
