Paragon Bank has introduced limited edition 5-year fixed-rate buy-to-let (BTL) mortgages.
The options include nil and 3% fee products, as well as £3,995 fee options, available up to 75% loan-to-value (LTV).
Rates start at 4.94% with a 3% fee for Single Self-Contained (SSC) properties rated Energy Performance Certificate (EPC) A to C, rising by 0.05% for properties with EPC ratings D or E.
For houses in multiple Occupation (HMOs), rates begin at 5.19% on the 3% fee option.
The £3,995 fee 5-year fix starts at 5.45%, while the nil fee product starts at 5.74% for SSCs with A-C rated EPCs.
All products carry a £299 application fee, while the 3% and £3,995 fee products come with £750 cashback.
These products are aimed at landlords purchasing or remortgaging properties as individuals or through limited company structures in England, Scotland, and Wales.
James Harrison, mortgages product manager at Paragon Bank, said: “We’re kicking off the year with a new limited edition range with rates that are up to 30bps lower than the equivalent core products they replace.
“This will broaden choice for landlords looking to remortgage or add to their portfolios.
“With rates coming down, we’re seeing an increase in the popularity of mortgages with lower and fixed fees.”
